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Politics : The Trump Presidency
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To: zzpat who wrote (68186)4/24/2018 1:24:56 PM
From: Steve Lokness  Read Replies (1) of 358784
 
<<<,$1.9 trillion of new debt right? How is that not corporate welfare>>>

No, you are incorrect, reducing a tax is NOT Corporate welfare. If a timber company harvest timber on a National Forest piece of land and that harvest cost more than the government receives - THAT is a case of corporate welfare.

Reducing corporate tax need not increase the debt one cent - if adequate loop holes (like the one explained above) are eliminated. But a very high corporate tax rate in itself puts our companies at a disadvantage.

I'm the biggest deficit hawk on this board - but how we reduce borrowing is way complicated. I would tax a lot of things as I've explained before but it needs to be done wisely.
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