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A company that saw revenues rise 11% to $22 billion in the third quarter alone. and it is not just boeing. alcoa, the aluminum giant, received $5.6 billion from the state of new york, while nike took $2 billion. usa today notes redistribution goes to the rich as often as the poor. as this graphic shows, corporate taxes seen here in dark blue have fallen substantially over the decades, even as individual tax income rates have remained relatively static. if you listen to some people, what s the big deal? after all, everything corporations earn ultimately goes to people. corporations are people, my friend. we can raise taxes of course they are. everything corporations earn ultimately goes to people. indeed, governor romney. the earnings go to people, a ....
Tax code and helping us to get rates down again, so that we can have a simpler, more fair, and more competitive tax code, and hopefully, start to stimulate our economy in the right way. you have a lot of the conservatives when the party and the tax cut movement, criticizing your decision, senator, and i am sure you knew that would be coming. i know the argument for the tax hikes and rand paul, your future colleague from kentucky, has said that he respects what you and your colleagues did but he doesn t think you will get beyond the notion that you raised taxes and i know you say, and i can see the wisdom of this, for the tax hikes you see if there, there is an across-the-board cut and a simplification in all the tax income rates but that is know jibing with a lot of your colleagues do you worry you become the skunk at your own ....
Here s what the president is proposing when it comes to corporations. cutting the tax rate from the current 35% down to 15%. he would also cut rates for so-called pascoe or esco corporations, these are small businesses, some of them larger in fact that tax people at the personal tax income rates in some cases, this could go from s high as 39% down to 15. the treasury secretary steven mnuchin says the president wants to boost the economy with this tax reform, listen here. we are committed that small business, owner operators will have the benefit of the business rights. what this will not be is a loophole to let rich people who should be paying higher rates of pay 15%, this is going to be for small businesses that drive the economy. that drive the economy because small businesses on average hire more people, provide more employment in the united states and the major corporations do. ....