Posted On: 03/31/2016 7:32:25 PM
Post# of 65629
Ummmm:
These reforms would mean, in the long run, that the U.S. collects about as much corporate tax as it does under the current system. But in the first few years, the base broadeners would actually be designed so that revenue would go up. Obama wants to spend this money on infrastructure, community colleges, and promoting manufacturing.
So, Obama is proposing what amounts to a small, temporary tax increase to fund a small spending program. Republican opposition to this idea is not mystifying.
These reforms would mean, in the long run, that the U.S. collects about as much corporate tax as it does under the current system. But in the first few years, the base broadeners would actually be designed so that revenue would go up. Obama wants to spend this money on infrastructure, community colleges, and promoting manufacturing.
So, Obama is proposing what amounts to a small, temporary tax increase to fund a small spending program. Republican opposition to this idea is not mystifying.
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