Those thieves get away with too much as it is.

What idiots who vote GOP dont understand is corps can ENTIRELY avoid paying ANY taxes by spending the money on deductible ways INCLUDING paying employees or investing in their company.

This tax bill does so much harm it is unbelievable.

They're feeding the fucking swamp.

My RW mother who did vote for tRump is scared now. I've been talking with her for a few years about what repukes want to do with social security and medicare. This tax scam has made a believer out of her now. Especially since her so-called raise was eaten when her supplemental insurance went up.

They're taking aim at these programs come the new year.

Good news is that she is voting straight Dem in the midterms.

If GE still has billions in profits and pays no income taxes that's fucked up.

The scale of the reduction, on a relative basis, is huge. I could share your POV if it were smaller scale. I mean, they went from 20 to 15, right? That's a 25% relative reduction. That's a lot of cash to recover without draconian spending measures.

And we know how well that worked out in Greece.

My RW mother is voting Dem in the midterms. She's been an avid repub supporter until now.

Isn't that right? The corporate income tax rate gets cut from 35% to 21%, which is a 40% reduction.

They probably framed it as a way to encourage more foreign investment in "failing" U.S. companies and infrastructure privatization efforts, but what they ended up doing was creating more encouragement for U.S. firms to keeping those assets offshore...and maybe moving more jobs offshore.

Haele

But I haven't heard of any deductions or loopholes for corporations that are being eliminated. Those will still be there, apparently. Since the effective corporate tax rate averaged around 25% before, I guess now many corporations will have effective tax rates in the single digits!