#1 Bill Clinton calls for corporate tax cut.....Thanks Bill.... not
07-04-2011, 11:41 AM
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Ichingcarpenter (1000+ posts) Mon Jul-04-11 09:27 AM
Original message Bill Clinton calls for corporate tax cut.....Thanks Bill.... not
ASPEN, Colo. — President Bill Clinton says the nation’s corporate tax rate is “uncompetitive,” and called for a lower rate as part of a “mega-deal” to raise the debt ceiling.
“When I was president, we raised the corporate income-tax rates on corporations that made over $10 million <A year>,” the former president told the Aspen Ideas Festival on Saturday evening.
“It made sense when I did it. It doesn’t make sense anymore – we’ve got an uncompetitive rate. We tax at 35 percent of income, although we only take about 23 percent. So, we SHOULD cut the rate to 25 percent, or whatever’s competitive, and eliminate a lot of the deductions so that we still get a FAIR amount, and there’s not so much variance in what the corporations pay. But how can they do that by Aug. 2?”
Read more: http://www.politico.com/news/stories/0711/58275.html#ix...May the FORCE be with you!
07-04-2011, 05:16 PM
It's funny watching all of the in-fighting between the Obama and Clinton supporters. It's like the '08 election all over again.
I agree with Clinton, although the top tax rate should be under what our current competitors are at. I would rather just use the lowest rate and make it flat across all incomes (15%).
07-04-2011, 05:17 PM
He's absolutely right. When Canada is making us look like a socialist regime, we're doing something wrong.In most sports, cold-cocking an opposing player repeatedly in the face with a series of gigantic Slovakian uppercuts would get you a multi-game suspension without pay.
In hockey, it means you have to sit in the penalty box for five minutes.
07-05-2011, 05:05 AM
Taxes are not leveled for the benefit of the taxed - Robert HeinleinCU's Paranormal Expert.
Keep your powder dry, your sword sharp and your wits intact.
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