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Wed Dec 6, 2017, 03:52 PM

GOP leaders considering 22 percent corporate tax rate as deadlines near, sources say

Source: The Washington Post




By Washington Post Staff December 6 at 3:47 PM
Republican leaders, convinced they need to find new revenue in order to fund last-minute changes to the giant tax package moving through Congress, are looking at decreasing the size of their planned corporate tax cut, two people familiar with the talks said.

The House and Senate passed separate tax-cut packages in recent weeks, and both bills would lower the corporate tax rate from 35 percent to 20 percent. But GOP negotiators are now openly discussing the possibility of moving that rate back up to 22 percent to generate more revenue, people familiar with the discussions said.

This is a developing story. It will be updated.

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Read more: https://www.washingtonpost.com/news/politics/wp/2017/12/06/gop-leaders-considering-22-percent-corporate-tax-rate-as-deadlines-near-sources-say

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Reply GOP leaders considering 22 percent corporate tax rate as deadlines near, sources say (Original post)
DonViejo Wednesday OP
getagrip_already Wednesday #1
progree Wednesday #2
BigmanPigman Wednesday #3
LiberalFighter Wednesday #4
NCjack Wednesday #5

Response to DonViejo (Original post)

Wed Dec 6, 2017, 03:57 PM

1. uhmm, not tom point out the obvious...

but changing the tax cut to 22 percent doesn't "gnerate more" revenue. It merely decreases the revenue loss in the plan.

Call it what it is. The tax plan reduces revenues, it isn't generating anything but wealth in the upper .1%.

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Response to DonViejo (Original post)

Wed Dec 6, 2017, 04:02 PM

2. Raising the corporate tax rate from 20 to 22% to raise revenue??? I thought corporate tax cuts

more than paid for themselves through economic growth and the corresponding tax revenue such growth generates -- wasn't that the whole idea in cutting it from 35% to 20%???? Now they're telling us that increasing the rate from 20% to 22% is needed to generate more revenue?

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Response to DonViejo (Original post)

Wed Dec 6, 2017, 04:30 PM

3. Keep pressuring them with calls, protests etc!

They are lying and cheating their way to push this crappy bill through before more people sit in their hallways and offices and the word gets out that this IS NOT OVER YET! We know their BS plan has 28% approval and and they are scared that we are not buying it anymore. No re-election for them! WE WILL STOP THIS!
https://www.trumptaxscam.org/
https://notonepenny.org/take-action/?p2asource=20171204tmemail

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Response to DonViejo (Original post)

Wed Dec 6, 2017, 04:37 PM

4. As was pointed on a broadcast on NPR this morning...

Corporations don't pay taxes. At all!!! If they did they wouldn't stay in business.

They include like everything else, labor, material, utilities, etc into the cost of the product. That includes taxes. So it is the consumer that actually pays the taxes.

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Response to DonViejo (Original post)

Wed Dec 6, 2017, 05:50 PM

5. McConnell and Senate GOPers are incompetent assholes. nt

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