Republicans feel eventually it will trickle on us poor folks. (Smells like pee to me)
According to an article in The Hill this week, "WH adviser 'optimistic' for corporate tax reform":
A top economic official in the White House on Tuesday expressed confidence that the next Congress can pass corporate tax reform.Why is it that any time you hear the word "reform" coming out of Washington, it always ends badly for about 99 percent of us? They talk about entitlement "reform" – meaning cutting Social Security and Medicare. They talk about regulation "reform" – meaning our food and workplaces are going to be less safe. They talk about spending "reform" – meaning doing less of the things that make We the People's lives better. (They never "reform" the military budget. It is more than double what it was when 'W' Bush took office. Because we have to defend against the Soviet Union.)
... Obama has proposed lowering the corporate statutory rate from 35 percent to the high-20s while eliminating many deductions. Camp also proposed to lower the rate, but down to the mid-20s.
Camp has proposed shielding most of the profits corporations make offshore from U.S. taxation, while Obama has called for a minimum tax on global earnings.
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