Last edited by jonny5; 08-01-13 at 07:34 AM.
I say we eliminate all deductions for all businesses. And then lower the tax rate to 0. There is no point in taxing businesses as they just collect the tax from consumers. Skip the middle man.
Heres the official plan from whitehouse.govSimplify the tax code for business
•End incentives to ship jobs overseas
•Lower tax rates for businesses that create jobs in the U.S.
•Lower tax rates for manufacturers
•Cut taxes for small businesses
Create good jobs
•Put construction workers on the job rebuilding our infrastructure
•Expand our network of high-tech manufacturing hubs
•Strengthen job training at community colleges
•Raise the minimum wage
Notice that it leaves out any details including how it would eliminate deductions effectively increasing taxes, specifically on large corps. That its a rehash of his usual stimulus proposal is obvious. More roads, which create 0 permanent jobs, more solar funding, more wage controls for the less than 1% of people who even make mininum wage. If he wants to get something done he should try walking over to Congress and talking to them, not campaigning.