September 28, 2017

Salon: Everyone Hates Trump’s Godawful Tax Plan — Except the GOP Donor Class

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Wealthy businesses and individuals will benefit from the proposal in other ways as well, including a reduction in the corporate tax rate from 35 percent to 20 percent. On the other hand, the outline also proposes eliminating many corporate deductions, which primarily benefit the largest enterprises. According to research by the left-leaning Institute on Taxation and Economic Policy, 100 of America’s largest corporations paid no taxes at all during at least one year between 2008 and 2015. Eighteen companies in that group paid less than zero taxes during the observed period — in other words, we paid them. Read more