More Than 3 in 5 Voters Support Corporate Tax Hike to Fund Biden’s Infrastructure Plan
In spite of this, I expect it to get no support from congressional Republicans. I guess they’re fine with big companies that pay zero taxes.
Category: Tax
The corporate tax rate is too low
Before Trump, it was 35%. He and congressional Republicans cut it to 21%. Now, Biden wants to raise it to 28% which is very reasonable. There is large public support for raising taxes on corporations. Remember, lots of companies use loopholes to pay zero taxes. Look at the charts in the tweets below.
How companies pay zero federal income tax
Lack of IRS funding and enforcement lets rich people avoid taxes
The IRS doesn’t have enough money to audit many tax returns of wealthy people.
Republicans want to repeal the estate tax for rich people
I don’t want to hear any crap from Republicans about the debt when they propose crap like this. Does their white nationalist base think this will help them?
Republicans could use payroll tax cut to justify cutting programs
Trump is interested in a temporary cut to payroll taxes that support Social Security and Medicare. I am concerned that Republicans would use the reduced solvency of the programs as an excuse to cut benefits. Every problem cannot be solved with a tax cut!
you can’t cut taxes that are not paid
many people would not benefit from this cut
IRS does not audit the rich as much as the poor
Indexing capital gains to inflation would benefit the rich
Another Republican scam like their tax cut
More on the failure of Trump’s tax cut
Republicans want more tax cuts for rich people
The tax cut primarily helped rich people and corporations. It didn’t help the economy much and greatly increased the deficit. Now Republicans want to give more tax cuts to the wealthy. Sad!
Sad! 