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Key republican bolts from debt ceiling talks

liblady said:
right......the very corporations and individuals that no one wants to raise taxes on defraud medicare. ain't america grand?
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actually it's now a pretty major organized crime gig.


there are ways to reduce it. but since it involves altering incentives, no one wants to do it.
 
sunday:

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?”
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Bill Clinton calls for corporate tax cut - Mike Allen - POLITICO.com
 
xpiher said:
Did you only make 40k this year? Is that what you took home? If thats the case, your company is NOT PROFITABLE. Unless you aren't working for your own company.
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This is a serious reading comprehension problem I think...

j-mac
 
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