Contact information
MidTide Media 123 Pleasant St Suite 300. Marblehead, MA 01945.
Why Lower Corporate Tax Rates?
We’ve had a few readers ask why Congress wanted to lower corporate tax rates in the US. In particular, US corporations already have record-setting profits–why do they need more money? Should we, instead, be raising taxes on corporations? Indeed, plenty of articles make the case that the corporate tax cuts won’t create jobs at all.
The problem with these articles is that their counter-arguments are all arguing against the wrong argument. The logic behind a corporate tax cut is not in fact, “more corporate profits will mean more jobs.”
If that’s not the argument, what is?
What’s in the GOP Senators’ Tax Bill?
The Senate is working on their own version of a tax bill that would need to be reconciled with, or replace, the House is working on. We’re going to look at what’s in the Senate bill. We’ve seen a lot of oversimplification of this that seems to intentionally cherry-pick certain parts of it without looking at the whole picture.
So let’s dive in and figure out what’s going on.
Fact Check: The Universal Health Care Tax Cut
Recently I saw a Facebook post that was starting to seriously make the rounds among my more politically inclined friends. It made the case that if the US were to switch over to a Single Payer system, it could pay for the entire thing with its current budget and also provide a $200B annual tax cut. Also nobody would pay for private health insurance. Sounds pretty great.
Unfortunately it has zero citations so I decided to do the research. Is it anywhere close to accurate or totally full of it?