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110%er [5669]
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Said it before, will say it again
Mar 31, 2021, 12:11 PM
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More trickle down liberalism...in Biden's $2.25T infrastructure plan
TAX INCREASES
Biden’s plan would finance projects by:
— Raising the corporate tax rate from 21% to 28%, one of the measures that over 15 years would cover the cost of the infrastructure program and then help to reduce the budget deficit.
— Imposing a 21% global minimum tax, so that companies cannot avoid taxes by shifting income to low-tax countries.
— Making it harder for businesses to merge with foreign companies to avoid U.S. taxes, a process known as inversion.
— Eliminating tax breaks for companies that shift assets abroad, and denying deductions for offshoring jobs.
— Imposing a 15% minimum tax on the income that corporations report to shareholders.
— Eliminating tax preferences for the fossil fuels sector.
— Increasing IRS audits of large corporations.
Those are not necessarily disasters AFAIK, except maybe the last one. This is type of big government bullying that is counter productive. The government's blood sucking lawyers have infinity amounts of money and time to threaten, investigate, and penalize corporations (in many cases for no legit reason) and it is a huge conflict of interest and assault on taxpayer funding. Been there, done that - and the government lawyers will tell you exactly what I said "they have more time and money than you do."
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All-In [31449]
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Re: Said it before, will say it again
Mar 31, 2021, 12:16 PM
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Nothing about rolling back Trump cuts or increasing marginal rate over 400K?
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110%er [5669]
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Re: Said it before, will say it again
Mar 31, 2021, 12:19 PM
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Our gov't relations guy just sent me the blurb.
This is the Infrastructure bill. I believe they are coming for the personal tax increases as well, but not sure which bill will have that fine print. 
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All-In [31449]
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Re: Said it before, will say it again
Mar 31, 2021, 12:22 PM
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If they leave that bit out of it, I'd be for a big plan to rebuild roads and get some high speed trains or something. Tax the living #### out of any company that takes govt bailout funds once they're profitable again, I don't care about them.
Though I'm sure maybe 1/50th of the total cost would go to actual infrastructure improvements and the rest will be funding 100% for lifelong violin lessons for underpriviledged trans midgets with red hair and whatnot.
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All-In [26497]
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California has a shell of a high speed rail system
Mar 31, 2021, 12:49 PM
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Only cost them 100 billion
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All-In [31449]
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If there was a high speed train in SC that went from
Mar 31, 2021, 12:51 PM
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Charleston to Greenville with a stop in Columbia, I would use it easily 20 times a year.
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All-In [40926]
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that would certianly help pay for it
Mar 31, 2021, 2:19 PM
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20 times 50 bucks a ticket is $1000 find a million or so other people that want to do that too and viola, it's partially paid for.
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110%er [5669]
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Re: that would certianly help pay for it
Mar 31, 2021, 8:16 PM
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Simple math always the best. Esp with libs.
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Legend [17283]
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Most sound like America First.***
Mar 31, 2021, 1:14 PM
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All-In [46816]
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An actual American First package huh
Mar 31, 2021, 2:01 PM
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But sure. Let's defend the multi billion dollar corp who fires American workers, hires sweatshops and sends all profits off shore so they can't tax it.
It's capatalistic Stockholm syndrome.
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Hall of Famer [21564]
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He can't get the oligarch #### out of his mouth.***
Mar 31, 2021, 6:45 PM
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110%er [8982]
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Re: Said it before, will say it again
Mar 31, 2021, 8:25 PM
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let rand paul audit the 800 billion that *Biden spent first working for obama
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Hall of Famer [24024]
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Re: Said it before, will say it again
Mar 31, 2021, 8:27 PM
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This seems like it would entice multinational corps to move headquarters outside of the US.
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