James Midkiff

3 years ago
For me, the possibility that the U.S. will lose $150B in revenue each year is too much to justify completely eliminating the Corporate Income Tax. I believe it should be lowered to a more competitive level, perhaps 15%, until you more fully specify and describe the other ways of boosting revenue so that the whole plan is at least revenue neutral or preferably revenue positive. I am glad to see you discuss raising the capital gains and dividend income taxes and I think that there should still be some way of taxing foreign investors in U.S. corporations. They are using American infrastructure and American workers whose initial education was paid for by the U.S. government, are they not? Nevertheless, to me the whole plan feels incomplete without any fully fleshed out roadmap to fill the hole left open in the budget. See more

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3 years ago
For me, the possibility that the U.S. will lose $150B in revenue each year is too much to justify completely eliminating the Corporate Income Tax. I believe it should be lowered to a more competitive level, perhaps 15%, until you more fully specify and describe the other ways of boosting revenue so that the whole plan is at least revenue neutral or preferably revenue positive. I am glad to see you discuss raising the capital gains and dividend income taxes and I think that there should still be some way of taxing foreign investors in U.S. corporations. They are using American infrastructure and American workers whose initial education was paid for by the U.S. government, are they not? Nevertheless, to me the whole plan feels incomplete without any fully fleshed out roadmap to fill the hole left open in the budget. See more

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