Timothy Hartwell

Choose a state

3 years ago
I very much enjoyed this proposal. While at first it sounds almost radical, it really just seems logical at this point. While corporate decisions to invert are inherently harmful to a country with a deficit problem, I have had trouble getting upset at those companies who chose to do so. It just seems as though it was a fiscally smart decision for those companies who were simply try to maximize profits and keep shareholders happy. This is why I found the proposal so great. It curtails incentives for companies to try to harmfully reduce their tax burden, such as though inverting, while helping to eliminate the part of the tax code with the most economic distortion.

Personally, I find the initial revenue loss of $170 billion per year to be worth it. That number, while obviously large, seems like it would be worth it especially if this plan prevented more inversions, which would have reduced revenue anyways. With this is mind, I would be interested in the ideas for spending cuts to offset this loss. The proposal did note some potential tax increases, and it would be interesting to hear about them in more depth at some point.

The issue of revenue loss certainly is exacerbated by the taxation of foreigners issue. It does seem to me to be inherently unfair that they would avoid taxes while Americans could not. That is why I really found the idea of a low corporate tax compelling. That is, that shareholders could claim their share of the corporate tax payment as a tax credit so that only foreign investors are paying the burden for the corporate tax. This seemed really smart, and like it would go a long way to solving some of the plans issues.

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3 years ago
I very much enjoyed this proposal. While at first it sounds almost radical, it really just seems logical at this point. While corporate decisions to invert are inherently harmful to a country with a deficit problem, I have had trouble getting upset at those companies who chose to do so. It just seems as though it was a fiscally smart decision for those companies who were simply try to maximize profits and keep shareholders happy. This is why I found the proposal so great. It curtails incentives for companies to try to harmfully reduce their tax burden, such as though inverting, while helping to eliminate the part of the tax code with the most economic distortion.

Personally, I find the initial revenue loss of $170 billion per year to be worth it. That number, while obviously large, seems like it would be worth it especially if this plan prevented more inversions, which would have reduced revenue anyways. With this is mind, I would be interested in the ideas for spending cuts to offset this loss. The proposal did note some potential tax increases, and it would be interesting to hear about them in more depth at some point.

The issue of revenue loss certainly is exacerbated by the taxation of foreigners issue. It does seem to me to be inherently unfair that they would avoid taxes while Americans could not. That is why I really found the idea of a low corporate tax compelling. That is, that shareholders could claim their share of the corporate tax payment as a tax credit so that only foreign investors are paying the burden for the corporate tax. This seemed really smart, and like it would go a long way to solving some of the plans issues.

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