[QUOTE=nightfighter;1135608]
Quote:
Originally Posted by Jim in CT
My point is $87.5 billion (which is the 35% tax on $250 bilion) could help a lot more..... and build a wall too. This money could have been helping people during Clinton's, Bush's and Obama's administrations if it had been paid when due, instead of being diverted to Ireland and then the tax haven island of Jersey....  |
Yes, and we could also help more people if you paid a lot more taxes than you owe. But you don't. No one does.
If I owned a company, and I could legally minimize my taxes by moving money elsewhere, I would. So would you. How stupid would one have to be, to pay billions more in taxes than one has to?
W had an uncompetitive corporate tax rate. When you make stupid public policy, sometimes there are negative results. I'm not saying the GOP is perfect. I'm not even saying that the tax overhaul will necessarily prove to be a good thing. I'm saying that because of that tax overhaul, and only because of that tax overhaul, we will have 38 billion more to do some good with.