Harris proposes raising the corporate tax rate to 28%, rolling back a Trump law
Harris proposes raising the corporate tax rate to 28%, rolling back a Trump law
The vice president is rolling out her first revenue-raising policy proposal as the Democratic presidential nominee, and drawing a contrast with GOP opponent Donald Trump.
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Awwww.... Raise it above the old 35% tax rate at least.
It's still a start, and something more likely to get though congress
49% is golden. But 28% is a start.
Staggered based upon gross income just like personal taxes.
Tiny businesses 5% Small businesses 25% Mid sized companies 50%. Mega-corporations wth billions - 95%
One problem with that is that companies could create a ton of subsidiaries or shell companies and move money around in funny ways to keep all of them at the lowest bracket
Sure. Gimme a progressive tax rate across the board.
And index it against inflation. 😉
No better: to the cost of living index. That way if they pump prices up like they have in the last few years, they choke themselves with their own rope.