Wow, this is a simplistic take with zero data to back it up. Where are you getting any data stating low corporate taxes result in lower poverty rates? Correlation is not causation.
6 of 10 Americans say US has 'seriously gone off on the wrong track'
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While wage growth for higher earners tends to be tied to stronger corporate profits, the benefits to lower-paid workers tend to arise as the labor market gets tighter, according to the Goldman analysis.
low unemployment drives higher wages
Workers at the lower end of the pay scale finally are getting the most benefit from rising wages
It's the first time during an economic recovery that began in mid-2009 that the bottom half of earners are benefiting more than the top half — in fact, about twice as much, according to Goldman Sachs.
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What election law would that be, specifically? Let’s hear the details of how it discriminates against non whites. Please, enlighten us all with specifics.
Unwanted pregnancies? Unintentional parents?But I thought choices have consequences? Isn’t that what you all said about the unvaccinated and people dying? Does that not apply now? Birth control is accessible and free to anyone that needs it. There are literally millions of people waiting to adopt who would be willing to take a baby off anyone’s hands. If you don’t want to feed em, don’t breed em. It really is that simple……well at least for those of us that don’t support killing babies. You all are morally bankrupt swine.
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“It’s as awesome as anyone could imagine” and then you follow that up with dramatic and false Democrat talking points. You’re one of the mentally ill white liberals on the board. How could I forget? Always dancing for Democrats. The party. The party. The party.
Do you really believe that red states have people walking around with guns strapped all over them? Mentally ill. Election laws meant for only white people to vote? Mentally ill. Forcing unwanted pregnancies? Mentally ill. What a lib!!!!
I literally did not bring up red states seceding. Can you point me to where I did?
Where in this article are low corporate taxes mentioned again? I'm pretty sure that was paramount to your argument.While wage growth for higher earners tends to be tied to stronger corporate profits, the benefits to lower-paid workers tend to arise as the labor market gets tighter, according to the Goldman analysis.
low unemployment drives higher wages
Workers at the lower end of the pay scale finally are getting the most benefit from rising wages
It's the first time during an economic recovery that began in mid-2009 that the bottom half of earners are benefiting more than the top half — in fact, about twice as much, according to Goldman Sachs.www.cnbc.com
LOL, this is a hilarious take. You sound completely unhinged. Are you the guy that people cross the street to avoid running into in person?
The Benefits of Cutting the Corporate Income Tax Rate | Tax Foundation
The Tax Cuts and Jobs Act reduced the corporate income tax rate from the highest statutory rate in the developed world to a more globally competitive 21%.
taxfoundation.org
From Forbes
It is important to remember that corporate taxes must be paid by people. Any corporate tax increase will be paid by either shareholders/owners, employees in the form of lower wages, or customers in the form of higher prices. A study from 2016 finds that shareholders/owners bear around 40% of state corporate income taxes while employees bear 30 to 35%. So, even though corporate tax increases are not levied directly on workers, they still affect workers indirectly by lowering their wages.
Higher wages from lower corporate taxes leads to lower poverty. Assuming people are working, which in 2019 was apparent with unemployment at 50 year lows…like the poverty level was at 50 year lows.
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Higher Corporate Taxes Affect Everyone
There is plenty of evidence that raising corporate income taxes affects all workers by reducing wages, slowing employment growth, and impeding innovation. Some infrastructure investments may be necessary, but we should focus on the most important projects to mitigate the need for higher taxes.
www.forbes.com
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You're repeating Federalist Society BS talking points.The Benefits of Cutting the Corporate Income Tax Rate | Tax Foundation
The Tax Cuts and Jobs Act reduced the corporate income tax rate from the highest statutory rate in the developed world to a more globally competitive 21%.
From Forbes
It is important to remember that corporate taxes must be paid by people. Any corporate tax increase will be paid by either shareholders/owners, employees in the form of lower wages, or customers in the form of higher prices. A study from 2016 finds that shareholders/owners bear around 40% of state corporate income taxes while employees bear 30 to 35%. So, even though corporate tax increases are not levied directly on workers, they still affect workers indirectly by lowering their wages.
Higher Corporate Taxes Affect Everyone
There is plenty of evidence that raising corporate income taxes affects all workers by reducing wages, slowing employment growth, and impeding innovation. Some infrastructure investments may be necessary, but we should focus on the most important projects to mitigate the need for higher taxes.
Raising the corporate tax would only affect worker's take home pay if the board/execs make the deliberate decision to lower wages. Which they already willing and able to do, seeing as how wages have stagnated over the past 40 years relative to worker productivity.
Shareholders and owners should be paying more.
Why? So more people can sit at home and not work with 10MM job openings. Oh, and when they go to work, they DONT pay federal income tax
You're making a pretty big leap here. Once again, correlation is not causation. Poverty is a complicated issue, and lower corporate tax rates don't directly lead to lower poverty rates. That's such an oversimplification, that it's almost laughable.The Benefits of Cutting the Corporate Income Tax Rate | Tax Foundation
The Tax Cuts and Jobs Act reduced the corporate income tax rate from the highest statutory rate in the developed world to a more globally competitive 21%.
From Forbes
It is important to remember that corporate taxes must be paid by people. Any corporate tax increase will be paid by either shareholders/owners, employees in the form of lower wages, or customers in the form of higher prices. A study from 2016 finds that shareholders/owners bear around 40% of state corporate income taxes while employees bear 30 to 35%. So, even though corporate tax increases are not levied directly on workers, they still affect workers indirectly by lowering their wages.
Higher wages from lower corporate taxes leads to lower poverty. Assuming people are working, which in 2019 was apparent with unemployment at 50 year lows…like the poverty level was at 50 year lows.
🧐
Higher Corporate Taxes Affect Everyone
There is plenty of evidence that raising corporate income taxes affects all workers by reducing wages, slowing employment growth, and impeding innovation. Some infrastructure investments may be necessary, but we should focus on the most important projects to mitigate the need for higher taxes.
What's interesting is that recent studies have contradicted the theory that cutting back on unemployment benefits got people back to work. It turns out Republicans were wrong yet again.
States cutting unemployment benefits didn't get people back to work, study finds
People who lost federal unemployment benefits didn't rush to accept jobs in the weeks after state cuts, according to a new analysis.
Cutoff of Jobless Benefits Is Found to Get Few Back to Work (Published 2021)
Prematurely ending federal programs had little effect on employment but sharply cut spending, potentially hurting state economies, researchers say.
literally what are you talking about?
Wages are taxed at a higher rate than capital at all times. You have nothing to be mad about bro
What's interesting is that recent studies have contradicted the theory that cutting back on unemployment benefits got people back to work. It turns out Republicans were wrong yet again.
States cutting unemployment benefits didn't get people back to work, study finds
People who lost federal unemployment benefits didn't rush to accept jobs in the weeks after state cuts, according to a new analysis.
Cutoff of Jobless Benefits Is Found to Get Few Back to Work (Published 2021)
Prematurely ending federal programs had little effect on employment but sharply cut spending, potentially hurting state economies, researchers say.www.nytimes.com
Unemployment declining faster in states that are cutting off $300 enhanced federal benefits, according to WSJ
Gov. Mike Parson of Missouri said that federal benefits helped in the past, but the payments now "worsened the workforce issues" that the state faced.
www.google.com
You'd have a point if the poverty rate was steady and then all of a sudden dropped after cutting taxes, but that's not what happened.
In other words, a much older study initially indicated that, but the results of later studies show it not to be the case.
Unemployment declining faster in states that are cutting off $300 enhanced federal benefits, according to WSJ
Gov. Mike Parson of Missouri said that federal benefits helped in the past, but the payments now "worsened the workforce issues" that the state faced.
The nations highest taxing state has the highest level of homelessness. If high taxes are so good, why hasn’t it solved all of California’s problems?What's interesting is that recent studies have contradicted the theory that cutting back on unemployment benefits got people back to work. It turns out Republicans were wrong yet again.
States cutting unemployment benefits didn't get people back to work, study finds
People who lost federal unemployment benefits didn't rush to accept jobs in the weeks after state cuts, according to a new analysis.
Cutoff of Jobless Benefits Is Found to Get Few Back to Work (Published 2021)
Prematurely ending federal programs had little effect on employment but sharply cut spending, potentially hurting state economies, researchers say.
Nearly half of the U.S.’s homeless people live in one state: California
The Trump administration proposed multiple solutions to the homelessness crisis, including deregulation and policing.
www.marketwatch.com
Addressed elsewhere - high cost of living for various reasons, milder weather is easier to be homeless in, and it's a state with an absolutely massive population. Again, you're all about black and white. You're evidently incapable of understanding the complexities of different issues.The nations highest taxing state has the highest level of homelessness. If high taxes are so good, why hasn’t it solved all of California’s problems?
Nearly half of the U.S.’s homeless people live in one state: California
The Trump administration proposed multiple solutions to the homelessness crisis, including deregulation and policing.
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The once Golden State is becoming a cesspool. Illegals moving in as fast as the factories and working citizens are leaving.
It's funny that the countries Bernie points to as his Democratic Socialist utopia have the lowest corporate tax rates in Europe and on par with the US. But lets keep taxing to pay for ridiculous spending...
Finland 20%
Sweden 20.6%
Norway 22%
US 21%
You do realize that increased taxes on businesses will just lead to price increases, right? Do you really believe corporations will just eat those losses and allow their ROI to dip? So who do you think is going to pay for those increase in taxes? I'll give you a hint. The consumer...
Factories left years ago. Manufacturing is done in states and countries with less income. California has an economy larger than multiple countries, so I don't think they're worried about a RWNJ like yourself bitching about "illegals."
No bitching, just stating facts.
Why are people leaving California in record numbers?
I‘lol hang up and listen to your answer.
No, you're not stating facts. "The Golden State is becoming a cesspool" is about the definition of opinion. Have you actually even been there recently?
Are you saying that Finland, Norway, and Sweden are bad places to live? Finland is the happiest country on Earth. It's also an awesome place in a variety of ways.
Umm, you just made my point. If these countries can support a positive lifestyle for it's citizens without raising corporate taxes to 24% to 28%, why can't the US do the same? Maybe because we're spending tax dollars on the wrong things???
Taken a drive through San Francisco lately?
My daughter and son in law just moved back to Wisconsin after four years in Suisun,
A town 40 miles or so from San Fran. She is a Chemical Engineer and turned down a $100,000
pay increase to stay here. They couldn’t wait to get out once their child was born.
Their words, We won’t raise our child near that cesspool.
We visited half a dozen times in the four years they lived there.
Winter was nice, summer was desert like. Hot and dry.
Suisun was a pretty laid back, Midwest type town. The cesspool was just to close for their liking.
You realize those aren't "low" corporate tax rates, right? Also, are you advocating for more socialism? That's at odds with your fellow right-wingers.
They just can't grasp the concept , whether its technically taxes going directly from you to the govt or via someone else when taxes get raised on the rich they get raised on all of us.
Yet you went to college here? Indiana is less of whatever a cesspool it may be when you are 45 minutes away, several hrs would be even better.
WTF are you talking about? My point was that Dems want to raise corporate taxes and use the Nordic states as their utopia that they want to achieve. Not realizing corporate tax rates are very similar between countries and the US...
When tens of thousands of working, educated people start leaving Indiana, when the homeless have tent cities, when human feces infect the public streets and businesses suffer because of it, than you may define Indiana as a cesspool.
There are beautiful parts of California. The major California cities are not in that category.
WTF are you talking about? Corporate taxes aren't the only metric that matters. Why are you right wingers stuck on this specific topic, claiming it's a panacea? Also, there aren't a lot of major global corporations in any of those countries. It's apples to oranges.
Because your idiotic party wants to raise corporate taxes, dipshit. That's why...
We're done here. You're a jackass with a myopic, simplistic view. Sounds very Republican. Your idiotic trickle down economics didn't work in the '80s and doesn't work now. Your profile picture is beyond the realm of stupid, even for someone of your ilk.
That's absolutely not true. And prices increase anyway, even when corporate tax rates have been dropping for decades.
But keep eating up the corporate propaganda slop yall love so much.
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