Harris proposes raising the corporate tax rate to 28%, rolling back a Trump law
The proposal to raise the corporate tax rate to 28% by Kamala Harris is a step in the right direction. It is not about adding a new tax or being punitive towards businesses; it is simply about restoring a rate that was much higher in the past. Remember when companies used to be taxed at rates of 38-45%? Back in the days when America was deemed “great”? It seems fair that corporations should contribute their fair share just like the rest of us.
The issue at hand is not just about raising the corporate tax rate in isolation. It is about creating a global shift where all Western nations collectively raise their corporate tax rates to avoid companies engaging in ‘tax shopping’ and nations catering to them.… Continue reading
John Q. Hosedrinker