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  1. #1 Dems Eye 33% Corporate Rate Hike 
    eeeevil Sith Admin SarasotaRepub's Avatar
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    What a shock!!!!


    Posted by Alex Hendrie on Monday, January 7th, 2019, 2:09 PM


    House Budget Chairman John Yarmuth (D-Ky.) has announced that the forthcoming budget blueprint will call for a 33 percent corporate income tax rate increase by hiking the rate from 21 percent to 28 percent. This would make the U.S. a less competitive place to do business and make the U.S. statutory rate higher than many developed competitors.

    State corporate taxes average 6 percent across the U.S, so this planned tax hike would give the U.S. an average top corporate rate of 34 percent.

    The current combined corporate rate across the 36 member Organisation for Economic Development and Cooperation (OECD) is currently 23.7 percent.

    This proposed tax hike would make the U.S. rate higher than major competitors such as the United Kingdom (19 percent), China (25 percent), Canada (26.8 percent), Germany (29.8 percent), and Ireland (12.5 percent).

    "Hiking the tax rate on American businesses will kill jobs, lower wages, and reduce new investment in America," said Grover Norquist, president of Americans for Tax Reform. "Why do the Democrats want to damage American competitiveness and job creation?"

    Why??? Because they're DEMOCRATICS!! As far as taxes
    go they only know how to raise them.
    May the FORCE be with you!
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  2. #2  
    PORCUS STAPHUS ADMIN Rockntractor's Avatar
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    Trump would veto it if it makes it past the Senate.
    "If the Bible is true why don't we have any urns or vessels that like say expires 6/15/300 BC on the bottom?"
    Alexandria Ocasio Cortez
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  3. #3  
    Senior Member Dlr Pyro's Avatar
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    The American oublic was warned. A vote for democrats into the house is a vote for increased taxes.
    "People who think they know it all, are annoying to those of us who really do".... Pyro Bob

    "Even if Trump didn't pay Russian hookers to pee on one another to defile a bed the Obamas once slept on it sounds like something he would do and that's all that matters." DemocratSinceBirth, Wed Jan 11, 2017, 09:32 AM

    "Enemy. The word you are looking for is enemy. When the ideals of someone are antithetical to yours, you can say the word "enemy". DUmmy ret5hd Fri Aug 24, 2018, 05:10 PM
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  4. #4  
    Senior Member Dan D. Doty's Avatar
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    No nation in history has ever taxed itself into prosperity ...

    But Progressives don't believe it.
    CU's Paranormal Expert.


    Keep your powder dry, your sword sharp and your wits intact.
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  5. #5  
    Senior Member Dlr Pyro's Avatar
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    Quote Originally Posted by Dan D. Doty View Post
    No nation in history has ever taxed itself into prosperity ...

    But Progressives don't believe it.
    they think it will be different "this time"
    "People who think they know it all, are annoying to those of us who really do".... Pyro Bob

    "Even if Trump didn't pay Russian hookers to pee on one another to defile a bed the Obamas once slept on it sounds like something he would do and that's all that matters." DemocratSinceBirth, Wed Jan 11, 2017, 09:32 AM

    "Enemy. The word you are looking for is enemy. When the ideals of someone are antithetical to yours, you can say the word "enemy". DUmmy ret5hd Fri Aug 24, 2018, 05:10 PM
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