US business groups team up to oppose tax rise proposals
Source: BBC
US business groups have teamed up to form a coalition opposing tax increase proposals by the Biden administration.
The US government is proposing a global minimum corporation tax rate, as well as increasing the tax in the US to pay for infrastructure projects.
Twenty eight industry groups have now created an alliance called "America's Job Creators for a Strong Recovery".
One organiser for the new group said the tax proposals "could not come at a worse time".
Read more: https://www.bbc.com/news/business-57206710
ProudMNDemocrat
(16,786 posts)With the Stock Market doing do well, over $7 Trillion in tax Havens not being taxed, it is hard to feel pity for the Corporations who pay no taxes at all.
SWBTATTReg
(22,144 posts)going to the top 1%ers over the last several decades and these people not paying their fair share of taxes (witness the large number of companies not paying any tax at all, regardless of their income), there are literally not enough people to fill all of the offered jobs AND the federal deficits is at all time highs because our former idiot PINO gave unpaid for tax cuts to these people...and guess who was still paying the bulk of the bills in the meantime? Us.
Guess what they're going to do again? Dump the bills on us yet again. Despite their record prosperity, their record stock prices, etc., they still don't want to pay nothing, they are not willing to pay their fair share of taxes...
Figures.
Midnight Writer
(21,770 posts)Can't raise taxes when business is bad: It will prevent a recovery.
Conclusion: Can't raise taxes ever.
iluvtennis
(19,863 posts)long that the majority of tax burden is on middle and low income earners.
bdamomma
(63,883 posts)Business groups they have been enjoying a free ride much too long. They have made enough fucking money/profits.
Comfortably_Numb
(3,809 posts)bahboo
(16,348 posts)ancianita
(36,109 posts)George and Alexander Soros, Ray Dalios, Pierre Omidyar, Marc Benioff, Howard Schultz, Leon G. Cooperman, Mark Cuban, Abigail Disney, Ian and Liesel Pritzker Simmons, Robert Bowditch, Agnes and Catherine Gund, Chris Hughes and Sean Eldridge, Molly Munger, among others.
A majority of millionaires support a wealth tax on those worth $50 million or more, but their support declines for a tax on those worth $10 million, according to a new poll. Fully 59% of millionaires said they would support a new federal tax on wealth over $50 million, according to the Q4 CNBC Millionaire Survey.