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Thu Apr 1, 2021, 11:09 AM

George Takei: I am pleased to see Biden on board with restoring the corporate tax rates that Reagan


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George Takei
@GeorgeTakei
·
Apr 1, 2021
I am pleased to see Biden on board with restoring the corporate tax rates that Reagan had when he was in office to pay for the American Jobs Plan. #RestoreTheReaganRates

George Takei
@GeorgeTakei
For those replying we need higher rates, I do understand this. I just find it ironic that today’s GOP is so opposed to the very rates that their hero Reagan had implemented.

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Reply George Takei: I am pleased to see Biden on board with restoring the corporate tax rates that Reagan (Original post)
soothsayer Apr 2021 OP
h2ebits Apr 2021 #1
Bayard Apr 2021 #2
progressoid Apr 2021 #3
ffr Apr 2021 #4

Response to soothsayer (Original post)

Thu Apr 1, 2021, 11:15 AM

1. Anybody know what the actual bill says?

I am asking because the wealthy and corporations have worked very hard to establish many many write-offs--deductions--to reduce the taxes they owe.

If these deductions aren't removed from the tax code, then many corporations and wealthy will still not have any increase in the taxes that they pay.

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Response to h2ebits (Reply #1)

Thu Apr 1, 2021, 12:36 PM

2. This

Its how they end up paying 0 taxes.

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Response to h2ebits (Reply #1)

Thu Apr 1, 2021, 02:04 PM

3. When all is said and done,

the bill likely won't have the teeth is should have.

The friends of Wall Street and corporations in DC will see to that.

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Response to soothsayer (Original post)

Thu Apr 1, 2021, 02:15 PM

4. Restoring the tax structure to the tax code is just that, not raising taxes.

Get it right people!

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