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Transcripts For CSPAN2 Key Capitol Hill Hearings 20140723

Investment were incentivized to pay the lower tax rate, sell the investment and reinvest in a maturing developing investment rather than that hold on because they didnt want to pay a confiscatory tax. There is not one of us in this room that doesnt make decisions every single day on our personal financing where we dont consider in some part, in whole or in part the tax consequence of it. That is why you have a tax code. But we ought to look at fair and equitable Corporate Tax relief. We ought to do it for s corps and c corps. C corps tax rate are 35 . S corps are corporations where they file as partners and frosts flow through on what is known as a k1 statement and flows through as ordinary income. Today the ordinary income tax rate for people making more than 450,000 can go up to 39 . It is higher than the 35 c corps have. If we lower the c corporate from 35, there will be a big disparity. The s corps is 72 of the jobs created in america. So we ought to take the whole enchiladas, refo

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