The United States has one of the highest corporate tax rates in the world. If you want to know why so many U.S. companies go through “inversions” (setting up new corporate headquarters in other countries), there’s your answer. Why pay 35 percent of your net earnings when you can pay a much lower rate elsewhere? So the long-overdue proposal released Thursday to reduce the corporate tax rate to 20 percent is one of the most important economic developments this country has seen in a very long time. It’s part of a much larger Republican proposal, and there’s plenty of time to
What I find objectionable is the fact that none of these experts bothers to drive home the fact that corporations don´t pay these taxes, the consumer does. Corporations make money selling products and some of that money goes to the government in taxes. If you lower the taxes, the company can lower its prices to get closer to prices of imported goods that pay lower corporate taxes.
A corporate tax is very much like a value added tax that gets passed from corporation to corporation until the consumer pays the tax as part of the price.
Corporate taxes should be zero and then add a universal sales tax that applies to goods made in the US and abroad. Same effect on the price, same cash flow to the government.
Tax cuts are nice but the big question is always how are we going to pay for it? In the case of these wonderful tax cuts they seem to omit the facts of massive across the board elimination of deductions. No more deductions is how they pay for it. They give it in one hand and take it away on the other. This is a massive tax increase sold off as the biggest tax cut in history which is a bald faced lie.
Corporations “do not pay taxes” they collect them in their cost of goods services! Everyone who runs a business knows that pricing includes the cost of estimated taxes, State and federal! And further more it is a form iof “value added taxes” each sale includes this cost! And the cost is passed on to the various government or deferred until they are realized! Only “ individuals” pay taxes never a corporation!
The governments not explain this because businesses are the biggie man or woman that employed us!
Mitt Romney took a swipe at Donald Trump on Monday, condemning the crude comments the president was said to have made about Haiti and African countries -- calling them “inconsistent (with) America’s history and antithetical to American values” with a reference to Martin Luther King, Jr. The poverty of an aspiring immigrant’s nation of origin is as irrelevant as their race,” Romney tweeted. “The sentiment attributed to POTUS is inconsistent w/America’s history and antithetical to American values. May our memory of Dr. King buoy our hope for unity, greatness, & ‘charity for all.’”
The Arizona Senate primary officially kicked off Friday, and it’s going to be a battle — with war planes and all. Republican Rep. Martha McSally launched her Senate run at the Tucson Jet Center on Friday morning and will travel to other areas of the state later in the day. She donned a blue flight suit to fly in a World War II-era AT-6 trainer to Phoenix, and then to Prescott. McSally, of course, is piloting the plane herself. “Fly, fight and win. That’s our plan,” said McSally, a second-term congresswoman and the first female pilot to fly in combat.
Republicans hoping to hold on to the Arizona Senate seat currently held by Sen. Jeff Flake (R) face an increasingly tumultuous primary environment, with firebrand former sheriff Joe Arpaio entering the race from the right and Rep. Martha McSally trying to win over President Trump’s supporters without alienating more moderate general election voters. The Tuesday announcement from Arpaio, whose criminal contempt conviction Trump pardoned last year, came just days before McSally joined the primary. While Arpaio made his name as an immigration hard-liner and promoter of the discredited conspiracy theory that former President Obama wasn’t born in the United States, McSally
Federal prosecutors have long insisted the goal of a fraud scheme at Pilot Flying J was to boost the truck stop giant’s profit and market share, and this week they served up numbers to try to prove it. Jurors in U.S. District Court in Chattanooga this week heard testimony and saw financial records showing that Pilot Flying J’s margin on diesel fuel sales, the number of truck stops it controlled and the amount of diesel fuel it sold all grew substantially during the time of the fraud at issue in the ongoing trial of the firm’s former president and three subordinates. Former
It would rank as one of the greatest political upsets of 2018 and a stunning rebuke to Trumpism: a gay Latina Democrat grabbing hold of the country’s biggest red state. But is Texas ready for Lupe Valdez? The question was first posed in Dallas in 2004, when Valdez scored a surprise victory to become the nation’s first openly gay female Hispanic sheriff on the same night that George W Bush secured a second term in the White House. She won re-election three times in Dallas county before announcing last month that she would resign to stand for Texas governor. Born in San Antonio,
Fox News is the last place you’d expect to see evidence of the growing push for antitrust enforcement. And yet Tucker Carlson this week devoted segments on two of his shows to arguing that Google has surpassed the federal government as the biggest threat to American liberty. In a spirited debate with Senator Mike Lee of Utah (who sits on the Senate Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights), Carlson called for a return to trust-busting: “Here’s the bottom line from my perspective: No company has ever been as powerful in the history of the world as Google
Fifty years ago — really, has it been that long? — Cardinals Hall of Fame righthander Bob Gibson sashayed through the National League with a 22-9 record, 13 shutouts, 28 complete games, 268 strikeouts and a mind-numbing 1.12 earned-run average, best in the modern era. But it wasn’t that easy. “There was pressure all year,” said Gibson, who especially will be honored Sunday night among other Cardinals greats of the past 60 years at the annual St. Louis Baseball Writers’ dinner at Union Station Hotel. “I have them right now, but I think I developed ulcers then. I had a lot of
The Washington Post has placed national reporter Janell Ross on leave after she was exposed giving a strategy briefing at a secret strategy conference for left-wing donors, politicians and activists in November, according to a new report. Ross was a featured speaker a conference funded by Democracy Alliance, a network of left-wing donors aligned with billionaire financier George Soros. Ross’s role at the conference, which was closed to reporters, was only revealed when the Washington Free Beacon obtained a copy of the conference agenda. She did not notify her employers before speaking at the left-wing summit, where she briefed attendees on
Rep. Kevin Cramer (R-N.D.) has decided against challenging North Dakota Sen. Heidi Heitkamp this November, rejecting pleas from President Donald Trump and leaving the GOP without a top-tier candidate against Heitkamp — a first-term Democratic senator seeking reelection in a state Trump won by 36 points in 2016. Cramer made the announcement Thursday on "What´s On Your Mind?" — a radio program syndicated statewide in North Dakota, saying he needed to spend time with his 10-year-old son.
Gone are the days of a slouched, conciliatory, giggling and limp-wristed Barack Obama who for eight years preened and pranced his way into what was the warm embrace of the Davos elites. Mr. Obama was a thing of their own making, a caricature born deep within the disease-riddled bowels of anti-Americanism that run rampant throughout universities, Hollywood, and institutions like the United Nations. Their collective imaginings inseminated a concept and after a gestation of decades, shat Obama out. They marveled at how you really can polish a t##d and sell ice to Eskimos. As Joe Biden once said, “He’s bright
Steering his white Dodge Ram while wearing a tan knit cap, a drab green Carhartt coat and a smear of brown livestock feed on his cheek, Terry Goodin jounced over frozen-hard mud toward his 100 head of beef cattle. “Make sure they’re all four legs down and not four legs up, in this kind of weather,” he told me in his southern Indiana drawl. The temperature overnight had dipped toward zero. Now, midmorning, it stood at 16 degrees. On the rear of his old pickup truck was a “Farmers For Goodin” bumper sticker, and rattling around his head were thoughts
California Governor Jerry Brown said legal rulings may clear the way for making cuts to public pension benefits, which would go against long-standing assumptions and potentially provide financial relief to the state and its local governments. Brown said he has a "hunch" the courts would "modify" the so-called California rule, which holds that benefits promised to public employees can’t be rolled back. The state’s Supreme Court is set to hear a case in which lower courts ruled that reductions to pensions are permissible if the payments remain “reasonable” for workers. "There is more flexibility than there is currently assumed by those who
Michelle Obama and her eldest daughter Malia made a rare appearance in swimsuits as they are enjoying the sun in Miami.The mother and 19-year-old daughter were spotted walking off Miami Beach on Saturday surrounded by friends - including former Obama administration senior advisor Valerie Jarrett - and Secret Service personnel.Michelle, 53, looked sensational in a white bikini top matched with high-waisted white denim cut-off shorts as she trudged her way barefoot through the sand, holding her shoes in one hand.
A Civil Defense employee is set to be retrained after a shocking blunder on Saturday morning, when a mistaken alert warning of an inbound ballistic missile sent thousands fleeing for shelter. The false alarm was caused by a Hawaii Emergency Management Agency employee who ´pushed the wrong buttons´ during an internal drill timed to coincide with a shift handover at 8.07am. The all-clear phone alert was not sent until 38 minutes later. Incredibly, officials said the employee who made the mistake wasn´t aware of it until mobile phones in the command center began displaying the alert. ´This guy feels bad,
The most recent attack on the president is designed to throw him off balance during the debate on immigration. Senator Durbin, doing his best Claude Rains imitation, stated, "I cannot believe that, in the history of the White House, in that Oval Office, any president has ever spoken the words that I personally heard our president speak yesterday." Durbin was responding to Trump´s alleged comment that Haiti, El Salvador, and certain African countries are "s---holes." Many of the reports omit mention of El Salvador because it does not fit the anti-black allegations. Senator Durbin is not a young man, and he
Actress and yogurt salesman Jamie Lee Curtis knows exactly whom to blame for a false alarm that told Hawaiians an incoming ballistic missile was detected. It was all President Trump´s fault. Duh. Now, never mind that Trump was in Florida at the time. On the golf course. And forget that Hawaii´s Emergency Management Agency (EMA), run by the Hawaiian state government, apologized for setting off the false alarm when someone pushed the wrong button. In a Saturday afternoon post on Twitter, Curtis attacked Trump, writing "YOU DID THIS!" "This Hawaii missile scare is on YOU Mr. Trump. The real FEAR that
This is the shocking moment a massive brawl broke out in a California pizza restaurant over a missing iPhone that turned out to have been in the lost and found the whole time. Police were called to John´s Incredible Pizza Company in Newark´s NewPark Mall on Saturday night after violence erupted. It broke out after a girl missing her phone had approached a group to see if they´d seen it but quickly descended into chaos, with video showing two large groups of people exchanging blows and screaming at each other. Newark police officers had to call in officers from the Fremont Police Department
This Martin Luther King, Jr. Day, the NAACP wants man-made global warming to be seen as a civil rights issue, arguing King’s vision of a society free of racial injustice can’t be achieved without addressing warming. “We see climate change as a civil rights issue,” Jacqueline Patterson, head of the NAACP’s environmental and climate justice program, said in an online radio spot for the Yale Center for Environmental Connection. Environmental activists have been increasingly framing global warming as a matter of “environmental justice,” since “minority and low-income populations are disproportionately affected by global warming,” Patterson told Yale’s online radio Climate
Lots of the news from sub-Saharan Africa is about war, famine, poverty or political upheaval. So it’s understandable if many Americans think most Africans who immigrate to the United States are poorly educated and desperate. Research tells another story. While many are refugees, large numbers are beneficiaries of the diversity-visa program aimed at boosting immigration from underrepresented nations. And on average, African immigrants are better educated than people born in the U.S. or the immigrant population as a whole.
Former President Bill Clinton said on Twitter Saturday that no Clinton Foundation funds were used to pay for his daughter´s wedding. After President Trump reportedly made crude remarks about Haiti and other less-developed countries, some on the right pointed to alleged mishandling of Haitian earthquake relief funds by the Clinton Foundation. On Twitter, President Clinton slammed the notion that any funds from the foundation, whether earmarked for Haiti or not, were used in association with his daughter Chelsea´s wedding to investment banker Marc Mezvinsky. No Clinton Foundation funds—dedicated to Haiti or otherwise—
Florida Rep. Frederica Wilson added her name to a growing list of Democratic lawmakers who say they are fed up with President Trump and will boycott his State of the Union address at the end of the month. (snip) “For the first time since I began serving in the U.S. House of Representatives, I will not be attending the president’s State of the Union address,” Wilson said in a statement late Sunday. “I have no doubts that instead of delivering a message of inclusivity and an agenda that benefits all Americans, President Trump’s address will be full of innuendo, empty
Why would my 22-year-old brother be calling so early on a Saturday morning? I’d ignored the first call. But the second time the phone rang, I picked it up. He was panicking, his voice trembling uncharacteristically: He’d just received the emergency alert warning of a ballistic missile that was heading for Hawaii, where I’m from, and where he and my family still live. “THIS IS NOT A DRILL,” the alert read. My brother was alone, and had no idea what to do or where to go. And he wouldn’t have had much time to figure out a game plan—some estimates
TRENTON, N.J. — Days before his inauguration as New Jersey’s 56th governor, Phil Murphy had Hollywood on his mind. The 60-year old Democrat had just read a headline about reshoots on “All the Money in the World,” which had been done in a hurry to remove disgraced actor Kevin Spacey from the movie. (Snip) Murphy is ready to end his obscurity. On Tuesday, when he is sworn in, New Jersey will become one of just eight states where Democrats run every branch of government. If Murphy has his way, New Jersey will become a proving ground for every liberal policy
Axios.com’s Mike Allen reports that House Minority Leader Nancy Pelosi (D-CA) is now considered a lock for Speaker of the House in 2019, as her party is expected to sweep the 2018 midterm elections.If so, it would be one of the most remarkable comebacks in political history, after Pelosi led her party to an historic defeat in 2010 after serving as the first female Speaker for four years, then clung to power over a shrinking minority party for eight. Allen notes: “It would take a flip of 24 seats for Dems to take over. The average loss for the president’s