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Instead of calling it a corporate tax cut I would prefer to state it as equalization among competing jurisdictions. Meaning, even Canada runs a 15% tax rate and
by Shivetya 10y ago
Instead of calling it a corporate tax cut I would prefer to state it as equalization among competing jurisdictions. Meaning, even Canada runs a 15% tax rate and brings in more by percentage of GDP than the US does with a 35% rate.
Its pretty dishonest in linking new jobs as the metric to make startups look better than corporations when its always been small business which employs the most and works through more people than start ups.
Plus the idea of lowering the tax rate is to give the big players a reason to bring the money back here instead of sitting overseas.
We did it before and the treasury benefited, other countries have done it as well; see Canada which went to 15%. So please tell me how we justify more than twice that rate????