Bernie Sanders give GOP an issue to run against Democrats in 2018
Washington Times:
Sen. Bernard Sanders said Sunday that corporate taxes would “absolutely” go back up if Democrats retake the Senatein 2018.Sanders does not understand economics and how the corporate tax rate is collected from teh middle class that he claims to want to represent. Democrats have been executing a fraudulent argument against cutting corporate taxes for years. Corporations collect taxes from their customers in teh form of higher prices for goods and services people buy.
“I think we’re going to take a very hard look at this entire tax bill and make it a tax bill that works for the middle class and working families, not for the top 1 percent and large multi-national corporations,” the Vermont independent said on CBS’ “Face the Nation.”
Asked if that would mean raising the federal corporate tax rate, which would drop from 35 to 21 percent under the Republican tax-reform plan expected to pass Congress this week, Mr. Sanders said, “In my view, absolutely.”
Republicans have touted the reduction as a way to stimulate the economy and repatriate companies that have moved overseas in order to avoid the U.S. corporate tax, the highest among the world’s major economies.
Including average state and local taxes, the corporate tax rate can reach 38.9 percent.
...
Comments
Post a Comment