Now that Republicans are running Congress and the executive branch, they're planning to "reform" (cut) corporate taxes (again). This time they using the subterfuge of "this will make companies more competitive." What does that mean? Of course, under Republicans, it really means one and only one thing: cutting taxes on the rich — rich people. The top corporate tax rate used to be 52 percent.

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Topics:  president ronald reagan   corporations   who gets that   money   republicans   congress   tax rate   percent   taxes   cut   corporate   lives   rich   burden   government   shoulder   means   
BING NEWS:
  • Small businesses could see big gains by boosting productivity
    They can achieve that through better collaboration with other firms in their industry, a new McKinsey report says.
    04/25/2024 - 3:23 am | View Link
  • Heavy tax burden on citizens and businesses unlikely to foster economic growth
    The economic landscape of Ghana has been significantly shaped by tax policies implemented since 2017. Under the guidance of the Economic Management Team, led by Dr. Bawumia, the government has ...
    04/24/2024 - 8:41 pm | View Link
  • GXO Releases Preliminary First Quarter 2024 Results
    GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, today announced selected preliminary financial results for the quarter ended March 31, 2024. The company ...
    04/24/2024 - 2:00 am | View Link
  • Corporate Transit Fee faces pushback from NJ business coalition
    The group laid out its opposition to, and the potential impacts of, the plan, which range from trickle down costs for consumers to loss of investment in the state.
    04/23/2024 - 8:08 am | View Link
  • Bid to close profit shifting loophole
    The Revenue Department is drafting legislation to collect taxes from multinational enterprises (MNEs) to prevent profit shifting to subsidiaries in countries with lower tax bases.
    04/22/2024 - 12:59 pm | View Link
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