Quote:
Originally Posted by Azure
Lowering the corporate tax rate was also part of the plan.
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Yes, and I'm all for it.
For those that are interested, the number being tossed around was 21-23% flat rate and removal of the loopholes.
This proposal, however, appears to be getting heavy behind-the-scenes criticism from think tanks like Heritage and AEI. That makes it pretty clear that the effective tax rate for wealthy corporations in the US is significantly below 21-23%. In essence, this proposal has become a small business owner vs. large corporation issue.
I know where I'd place my bet.