Biden wants to raise the corporate tax rate from 21 to 28% but Manchin won’t go beyond 25%. Giving a low corporate tax rate to multi-billion dollar industries that pay their workers survival wages & their CEOs tens of millions of dollars a year is not competitive, it’s immoral

Apr 13, 2021 · 11:03 PM UTC

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Replying to @marwilliamson
Wasntthetaxrate35%beforetrump
Replying to @marwilliamson
So many of these long term corporate wing men need to go. The egg is going to crack wide open underneath the looking glass.
Replying to @marwilliamson
This tax hike won't do anything at 25% and 28% would barely make them notice. Demand loyalty investments into our Country's future from the top 1%! Close the loop holes! If you are not doing FDR, you are not fixing the problem.
Replying to @marwilliamson
It could be 20%, as long as corporations EARNED their tax breaks. Incentivize good behavior. Unionization. Re-investment, not stock buybacks. Job creation, not offshoring.
Replying to @marwilliamson
40% corporate tax rate would be about right, I'd say.
Replying to @marwilliamson @ZaRdOz420WPN
Moreover Corporation/wealthy use & profit most from gov't infrastructure They want courts & bureaucracy to enforce contracts/patient/trademark/copyright, military & state department to secure supply & markets, transportation to move goods, police to guard their lucre, etc.
Replying to @marwilliamson
Manchin is owned by Koch and Goldman Sachs.
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Replying to @marwilliamson
And let's not forget that is NOT the Effective Tax Rate.. which is even lower after loopholes and write offs.
Replying to @marwilliamson
Stop making it so god damn difficult! A VAT is simple and the easiest way to do this
Replying to @marwilliamson
Remind people what it was before Trump et al lowered it..
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