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BlueStreak

(8,377 posts)

25. Businesses are paying 1/3 the share they paid 30 years ago

Sat Jul 26, 2014, 11:31 AM

Jul 2014

They don't need to pay less. However, if by BOTH lowering rates and eliminating the loopholes gets all business closer to paying their fair share, that's worth considering.

The risk, of course, is that they will take yet another cut, but keep the best loopholes in place such that the biggest corporations continue to pay essentially no tax at all.

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President Obama: Weekly Address: Closing Corporate Tax Loopholes [View all] cal04 Jul 2014 OP

"Lower corporate tax rates?" Here it comes... ballyhoo Jul 2014 #1

A lowering of corporate tax rates with comprehensive closed loopholes RiverNoord Jul 2014 #4

It also depends whether this is simply another ruse. On ballyhoo Jul 2014 #6

Very likely, but... RiverNoord Jul 2014 #45

And thats the point. Do we want more govt revenue, or rates that make you "feel good". 7962 Jul 2014 #39

There isnt anything wrong with lower rates providing though that the companies actually pay cstanleytech Jul 2014 #7

We are right now in an inverse totalitarian system. The companies ballyhoo Jul 2014 #9

Small corps pay corp taxes at a much higher rate than the big boys or girls randys1 Jul 2014 #26

I agree with that. I used to be in business ballyhoo Jul 2014 #30

+1 a2liberal Jul 2014 #12

The beat goes on, but this time the drummer ballyhoo Jul 2014 #15

Businesses are paying 1/3 the share they paid 30 years ago BlueStreak Jul 2014 #25

Your second paragraph is what will happen UNLESS ballyhoo Jul 2014 #29

Close loopholes first... Then we'll see. grahamhgreen Jul 2014 #44

And the real unpatriotic traitors that are to blame albino65 Jul 2014 #2

About time that the President stated it in real terms RiverNoord Jul 2014 #3

"Unpatriotic" is a George Bush, Republican threat. JayhawkSD Jul 2014 #20

Hillary 2016. L0oniX Jul 2014 #42

Legal, huh? DeSwiss Jul 2014 #5

Thanks for your weekly posting! BumRushDaShow Jul 2014 #8

A person has to be interested enough to subscribe to them, but some don't listen as it disturbs the freshwest Jul 2014 #32

One might not even need to subscribe BumRushDaShow Jul 2014 #36

Thanks for that info, and especially the article there. freshwest Jul 2014 #37

No problem! BumRushDaShow Jul 2014 #40

From what I hear, all they have to do is take a Baitball Blogger Jul 2014 #10

A Prediction: if something is passed regarding this idea Dragonfli Jul 2014 #11

He also commented that CEO responsibility is not just short term profits for shareholders.. DCBob Jul 2014 #13

Pushing them out the door moondust Jul 2014 #14

AgreeBut why do teabaggers usually support this corporate crap while claiming to be super patriotic lunasun Jul 2014 #16

Hit them with a tariff. Turbineguy Jul 2014 #17

So tax all money earned in the US, whether taxes are paid on it elsewhere or not. JDPriestly Jul 2014 #18

Just make them state they do not pay American taxes on their product or service.... Uben Jul 2014 #19

.., YvonneCa Jul 2014 #43

This is a little sugar to make the medicine go down. candelista Jul 2014 #21

Ok Mr. President - Then Close The Loophole With An Executive Order - Then Expose The Fraud In The Courts cantbeserious Jul 2014 #22

This was an issue in the 2004 election. hollowdweller Jul 2014 #23

+1. candelista Jul 2014 #33

Funny how historically it has alwyas been RIGHT WINGERS ... vkkv Jul 2014 #24

They drink, plus they are stupid people, seriously, so that makes it easier randys1 Jul 2014 #27

DUly RECommended Roy Serohz Jul 2014 #28

I am glad we have a President who is an expert on other folks patriotism. AngryAmish Jul 2014 #31

Simple jamzrockz Jul 2014 #34

I'm "people," so can I do that too, my friends? C Moon Jul 2014 #35

This hits close to home...... Stainless Jul 2014 #38

LOL ...not if the Third Way has anything to say about it. L0oniX Jul 2014 #41