- Joined
- Dec 3, 2016
- Messages
- 8,932
- Reaction score
- 4,192
- Location
- Floriduh
- Gender
- Male
- Political Leaning
- Other
This is simple. In order to get around the filibuster the republicans had to jump through some hoops to get there. one of those hoops is setting a max on
how much money they are going to spend. before the bill was even formalized liberals in congress had their heart already set on filibuster any attempt at tax reform.
why? because it would actually mean people pay less taxes and that is against most liberal philosophy.
keeping us competitive in the corporate market is important. the average top marginal rate in the world among developed countries is about 25%. in the US the top marginal rate is 35%.
by keeping corporate taxes lower and in line with everyone else we become more competitive. it opens more opportunities for job growth and job creation.
it isn't so much corporations but for small and medium size businesses that we want to grow into corporations.
the next reason is that in 2026 the congress that doesn't renew it will be labeled as hiking taxes on the working people.
so it is sort of a bargain chip to the next congress.
renew it or face voter backlash.
Yeah, it's as good as baked in. Which means the GOP's numbers as to how much this will really cost are all lies. Having those cuts expire makes the numbers "look" better.