President Joe: "Come on, man. Let's get real."

[bigtree]

Craig Caplan @CraigCaplan 2h
"Not at all."-Biden whether increasing corporate tax rate to pay for infrastructure would hurt economy. "Because there’s no evidence of that..Here you have 51 or 52 corporations of the Fortune 500 haven't paid a single penny in taxes for three years. Come on, man. Let’s get real."

Link to tweet

[EYESORE 9001]

1. But we can't hurt teh job creatorz

We must smooch their pasty rumps to keep them sufficiently motivated to bestow jobs upon us. No poor man ever gave me a job.

[bigtree]

2. they made some $80 billion in profits in 2018

...and corporate tax collections declined at the same time by over 30%.

https://itep.org/60-fortune-500-companies-avoided-all-federal-income-tax-in-2018-under-new-tax-law/

[EYESORE 9001]

4. Infuriating, right?

I’m not a communist or radical revolutionary, but I can see how their argument came about.

[spanone]

3. K&R

[colsohlibgal]

5. Go

Go Joe!

I enthusiastically voted for Joe but admit his FDR like turn has pleasantly surprised me. If we had a bigger majority in the Senate maybe we can put top marginal tax rates back to Pre Reagan percentages.

Republicans harp about spending raising the deficit but never about massive top tier tax rate reductions doing the same.

[PurgedVoter]

6. The Republicans never once voiced an issue with the insane Trump expenditures

They can shut up forever as far as I am concerned.

[AZLD4Candidate]

7. Your lips, God's ears.

If only. . .

[PatrickforB]

8. Yeah, but the culprit seems to be Manchin, though.

He says 28% is 'excessive' and we have to remain competitive.

[thenelm1]

9. Most of the last tax cuts for corporations went where?

Certainly not to the workers, or to cheaper prices for consumers. Most of it went to huge bonuses for the executive class or stock buy backs to prop up stock prices and the markets, along with more of the 'big fish' swallowing up and acquiring more of the 'little fish'. Not a thing that actually benefited the economy overall to the majority of the mainstream folk. Sure the markets were soaring into heights never before seen, but to the average Joe or Jolene on the streets - not so much. It should go without saying that what happens in the capital markets (and the owners) generally has little effect on the general population/economy as far as bettering people's lives. Sure your 401K may have increased in value - but, hello 2008-2009 - for the little people, that can disappear in a flash with absolutely no guarantee that it will come back. (Particularly if you're a retiree who actually needs it then!) But for those who own, run and manipulate the markets? The majority of them made out, and continue to make out, like bandits.

[BobTheSubgenius]

10. Hell yeah, come on!!