The Soapbox

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What's this?

Well the corporate tax rate was cut by 40% to make us competitive with the

rest of the world in a global economy where capital is free to flow to lower cost jurisdictions.

I'd say a 15% drop in corporate tax receipts after a 40% cut in rates is not a terrible outcome.

Raise individual tax rates back to where they were if you want, but raising the corporate tax rate is a brain dead idea. Even the euros have the good sense to have figured this out.

(In response to this post by NJHoo)

Posted: 01/10/2019 at 01:16AM

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Current Thread:

Really big economic news -- NJHoo 01/09/2019 9:49PM

Well the corporate tax rate was cut by 40% to make us competitive with the -- BocaHoo91 01/10/2019 01:16AM

While I agree with you in concept, the reality is that so far the cuts -- 111Balz 01/10/2019 07:32AM

I never thought the cuts would be -- BocaHoo91 01/10/2019 07:45AM

We need to cut our bloated military budget. ** -- NJHoo 01/10/2019 11:14AM

Bigly. ** -- BocaHoo91 01/10/2019 1:54PM

How about cutting $11.2B and move half of that to border security/wall? -- Hoodafan 01/10/2019 11:19AM

I assume we both agree the personal income tax changes were inexcusable? ** -- WahooRQ 01/10/2019 09:04AM

I wouldn't have pushed to cut individual taxes and it -- BocaHoo91 01/10/2019 1:53PM

As I said, would not matter if we had cut the rates at a time when -- 111Balz 01/10/2019 08:53AM

Tax receipts do not equal economic activity. ** -- ConnHoo 01/09/2019 10:54PM

Economic activity doesn’t pay -- HoosWillWin 01/09/2019 11:29PM

Pretty sure it does. The size of the US economy and the authority to tax -- hoodeyo 01/10/2019 12:21AM

My post was sort of TIC, but only sort of. We are running massive -- HoosWillWin 01/10/2019 08:19AM

I agree with the corporate tax cuts. The individual side, not so much. ** -- Hokieesith 01/09/2019 10:18PM

So it's a good thing we are shutdown? ** -- hoothat 01/09/2019 10:06PM

Ruh roh raggy -- Hoodeac 01/09/2019 9:55PM

As I was told by my Econ Prof in 1981. Inverted supply curve is actually -- HoosQ 01/10/2019 08:03AM

Republicans always try to credit Reagan’s income tax cuts with growth in -- WahooRQ 01/10/2019 08:59AM

Or history. ** -- hooyorkcity 01/09/2019 10:46PM

Next time it works it'll be the first time ** -- Hoo TV 01/09/2019 11:43PM

Supply side economics: you economize; I'll keep the supplies ** -- RickPerry 01/10/2019 12:41AM

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