4 ms·
Long term should benefit as well as the short term. The US had one of the highest tax rates on corporations in the world and all it did was cause the money to s
by Shivetya 9y ago
Long term should benefit as well as the short term. The US had one of the highest tax rates on corporations in the world and all it did was cause the money to stay out of the country. Just like very rich individuals, when you are not bound to one country you can just keep elsewhere. The US even experiences it on a smaller scale with people moving from state to state.
Obama Administration did propose 28% in 2012 and get taxes for those under 200k down as well. The current plan that is in effect has a lot of similarities but it did not set a 200k high limit. The US really needs to figure out a way to handle small business taxes that get caught up in the way personal taxes are done.
Less tax burden is always a win. What the US really needs for explosive growth is a cap on spending. Many other countries to include a few European countries have rules in place to keep it below growth for a reason, because it pays off fast.