Harris proposes raising the corporate tax rate to 28%, rolling back a Trump law

usernamesAreTricky@lemmy.ml to politics @lemmy.world – 1152 points –
Harris proposes raising the corporate tax rate to 28%, rolling back a Trump law
nbcnews.com
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One thing I will mention. GMT above focuses on 15% of profits. It is trivial to manipulate that number. Which is why I am also for...

Openly transparent auditable money

Yeah, but gotta start somewhere right?

Well. Amazon didn't make a profit for a long while. Maybe still not? EBITDA? Idk their current numbers, but I'm assuming there's a lot of Hollywood Accounting happening.

I think closing those types of loopholes is the place we should start. Circling around: these campaign promises are easy to make, hard to keep.

It requires knowledge of accounting, economics, law, tech, politics...few people, if any, have that breadth of knowledge and connections.

I would be impressed with a politician if they had a solid how on these items. Otherwise: talk is cheap.

Congress has access to the brightest economic consultants to navigate everything, that's not a problem. Closing loopholes is a logical next step. Just need to overcome the narrow margins and procedural fuck you manuevers to actually get things done.

I agree, with the caveat that your last sentence is a little hand-wavey. The word "Just" makes it seem easier than it is. People are easily swayed & bought. It's wrong, but it is a thing.