5 ms·

American democracy is designed to elect a geographically representative legislature. I wish it could also elect an ideologically representative legislature. Cu

American democracy is designed to elect a geographically representative legislature. I wish it could also elect an ideologically representative legislature. Currently, I really appreciate how Senator Ron Johnson is fighting to give small business the same preferential tax treatment given to corporations by early drafts of the tax bill [1]. And you guessed it, he's doing it because he spent much of his career as a small businessman, unlike most congresspeople [2]. I have no idea how to achieve more of this, I don't think an exam would help at all! [1] https://www.nytimes.com/2017/11/27/us/politics/senate-tax-bills-potential-hurdle-republicans.html https://www.nytimes.com/2017/11/27/us/politics/senate-tax-bi... [2] https://www.ronjohnson.senate.gov/public/index.cfm/biography https://www.ronjohnson.senate.gov/public/index.cfm/biography

harryh 9y ago
That's not what Ron Johnson is doing at all. The changes in pass through rates are, quite literally, the worst part of the bill. Large businesses (C Corps) pay corporate tax and then when shareholders profit from their shares (either via dividends or cap gains) they pay individual income taxes. Small businesses (LLCs and S corps) don't pay corporate taxes but individual shareholders pay individual income taxes like above. What this bill does (and Johnson is trying to do more of) is create a whole new system for shareholders of LLCs and S Corps so that they don't even pay regular income taxes but a new tax at an even lower rate. This isn't giving preferential tax treatment to small businesses that corporations already get. It's creating a whole new thing that shouldn't exist in the first place.