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Title: Dems Eye 33% Corporate Rate Hike
Source: ATR
URL Source: https://www.atr.org/dems-eye-33-corporate-rate-hike
Published: Jan 8, 2019
Author: Alex Hendrie
Post Date: 2019-01-08 08:04:34 by IbJensen
Keywords: None
Views: 66
Comments: 10

House Budget Chairman John Yarmuth (D-Ky.) has announced that the forthcoming budget blueprint will call for a 33 percent corporate income tax rate increase by hiking the rate from 21 percent to 28 percent. This would make the U.S. a less competitive place to do business and make the U.S. statutory rate higher than many developed competitors.

State corporate taxes average 6 percent across the U.S, so this planned tax hike would give the U.S. an average top corporate rate of 34 percent.

The current combined corporate rate across the 36 member Organisation for Economic Development and Cooperation (OECD) is currently 23.7 percent.

This proposed tax hike would make the U.S. rate higher than major competitors such as the United Kingdom (19 percent), China (25 percent), Canada (26.8 percent), Germany (29.8 percent), and Ireland (12.5 percent).

"Hiking the tax rate on American businesses will kill jobs, lower wages, and reduce new investment in America," said Grover Norquist, president of Americans for Tax Reform. "Why do the Democrats want to damage American competitiveness and job creation?"

Not only will raising the 21 percent rate make America less globally competitive, it will also harm today’s strong economic growth, growing wages, record job openings, and lower utility bills.

Just last week, it was announced that the U.S. economy added 312,000 jobs in December. Over the past 12 months, wages have grown 3.2 percent and 2.6 million jobs being created.

The U.S. has been named the most competitive economy in the world. Manufacturers just had their most successful year since 1997 and small business optimism is at record highs.

Raising the corporate rate, as House Democrats are proposing, would undo these gains.

Americans for Tax Reform recently launched a special project, Defend21.org, to stand firm against any and all attempts to raise the corporate tax rate.


Poster Comment:

A certain percentage of the Democrats and Republicrats is deranged. Actually, what am I saying...they are all deranged, though to varying degrees.

Post Comment   Private Reply   Ignore Thread  


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#1. To: IbJensen (#0)

This is going nowhere. The democrats need to be put in cages.

A K A Stone  posted on  2019-01-08   8:40:01 ET  Reply   Trace   Private Reply  


#2. To: A K A Stone (#1)

" The democrats need to be put in cages. "

Yeah, big cages for all commie crats, and all commie publicans !!! I am definitely in favor of that !!!!

My question for you, HOW DO WE GO ABOUT DOING THAT ???

Si vis pacem, para bellum

Rebellion to tyrants is obedience to God.

Never Pick A Fight With An Old Man He Will Just Shoot You He Can't Afford To Get Hurt

"If there are no dogs in Heaven, then when I die I want to go where they went." (Will Rogers)

"No one ever rescues an old dog. They lay in a cage until they die. PLEASE save one. None of us wants to die cold and alone... --Dennis Olson "

AMERICA! Designed by geniuses. Now run by idiots.

Stoner  posted on  2019-01-08   10:12:20 ET  Reply   Trace   Private Reply  


#3. To: Stoner (#2)

HOW DO WE GO ABOUT DOING THAT ???

1. Dissolve Congress.

2. Declare Trump Czar.

3. Declare the Constitution null and void; because, after all, the left has used it as toilet paper for eons.

Liberals are like Slinkys. They're good for nothing, but somehow they bring a smile to your face as you shove them down the stairs.

IbJensen  posted on  2019-01-08   14:44:33 ET  Reply   Trace   Private Reply  


#4. To: IbJensen (#0)

A certain percentage of the Demonrats and Republibats is deranged. Actually, what am I saying...they are all deranged, though to varying degrees.

well you have raised tariffs so you might as well raise taxes

paraclete  posted on  2019-01-08   22:04:51 ET  Reply   Trace   Private Reply  


#5. To: paraclete (#4)

well you have raised tariffs so you might as well raise taxes

Who is the 'YOU" referred to? You didn't copy and paste my comments. Do you know how?

Liberals are like Slinkys. They're good for nothing, but somehow they bring a smile to your face as you shove them down the stairs.

IbJensen  posted on  2019-01-08   23:03:18 ET  Reply   Trace   Private Reply  


#6. To: IbJensen (#5) (Edited)

Who is the 'YOU" referred to? You didn't copy and paste my comments. Do you know how?

No, I modified your comments to reflect the situation, who is the you? the US or Trump or any interested party, it is like the mysterious "they" it means what you want it to mean, I could have said "they", instead of "you", if it makes the meaning clearer please substitute, but know this, I don't spend my time being politically correct, but how do I know tariffs have been raised, I read, I watch news programs, I listen to the bleating of sheep

paraclete  posted on  2019-01-08   23:56:03 ET  Reply   Trace   Private Reply  


#7. To: paraclete (#6)

I'll bet you can't even define what 'it' is.

Liberals are like Slinkys. They're good for nothing, but somehow they bring a smile to your face as you shove them down the stairs.

IbJensen  posted on  2019-01-09   8:16:02 ET  Reply   Trace   Private Reply  


#8. To: IbJensen (#7) (Edited)

I'll bet you can't even define what 'it' is.

I wasn't referring to "It" but to "you" and "they". I'll try to make my remarks plain to you, The americans, personified by Trump have raised tariffs, this was the original "you" and the later "they" in clarification. "It" plays no part in my remarks but in the strict sense of the intrepretation it might refer to the tariffs or the taxes

So my sentence might have read "They have raised tariffs so they might as well raise it

paraclete  posted on  2019-01-09   23:56:23 ET  Reply   Trace   Private Reply  


#9. To: paraclete (#8)

The tariff boost was only a way of playing poker relying on a poker-face to cause the other side to fold.

Liberals are like Slinkys. They're good for nothing, but somehow they bring a smile to your face as you shove them down the stairs.

IbJensen  posted on  2019-01-10   7:56:17 ET  Reply   Trace   Private Reply  


#10. To: IbJensen (#9)

Tariffs are isolationist but there was a trade imbalance

paraclete  posted on  2019-01-10   16:03:05 ET  Reply   Trace   Private Reply  


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