Here are the three main Republican arguments in favor of the Republican tax plan, followed by the truth. It will make American corporations competitive with foreign corporations, which are taxed at a lower rate. (2) Most of these other countries also impose a “Value Added Tax” on top of the corporate tax. With the tax cut, big corporations and the rich will invest and create more jobs. (1) At least 85 percent of small businesses earn so little they already pay the lowest corporate tax rate, which this plan doesn’t change.
Source: Huffington Post December 16, 2017 21:45 UTC