Urges former colleagues to “eliminate wasteful loopholes rather than our country’s new competitive corporate rate and the jobs it generates” […]
SENATE FINANCE HEARING SPOTLIGHTS NEED TO KEEP CORPORATE RATE COMPETITIVE
March 17th, 2021
The Senate Finance Committee’s 3/16 hearing, “Made in America: Effect of the U.S. Tax Code on Domestic Manufacturing,” spotlighted the critical need to keep America’s corporate tax rate competitive. ICYMI, check out some key highlights […]
“RAISING THE CORPORATE LEVY WOULD HURT ORDINARY WORKERS”
March 17th, 2021
If the corporate rate goes up, it will reduce the incomes of the middle class […]
Sen. Blanche Lincoln: It Would Be a Major Blunder to Raise Taxes Right Now
March 4th, 2021
Let’s join together to eliminate wasteful loopholes rather than jobs. In addition, let’s work to strengthen the enforcement of existing tax laws rather than weaken a tax code that empowers U.S. businesses of all sizes to grow. And let’s maintain our globally competitive rate to help reignite our economy, create new opportunities for our country’s workers, and keep investment right here in America at a time when all three of these pillars of prosperity are needed the most. […]
REPORT: Corporate Tax Hike Eliminates 159K Jobs And Reduces Wages
February 24th, 2021
The Tax Foundation: “We estimate that this would reduce long-run economic output by 0.8 percent, eliminate 159,000 jobs, and reduce wages by 0.7 percent. Workers across the income scale would bear much of the tax increase. For example, the bottom 20 percent of earners would on average see a 1.45 percent drop in after-tax income in the long run.” […]
News Coverage: “I think it would be a bad idea.”
February 19th, 2021
CNBC Interviews the former Chairman & CEO of EY who says, “Could you imagine today if business had that higher tax rate and was trying to deal with all of these COVID-19 issues? I don’t think we’re going to be able, in this environment, to go back to the massive tax increases on business.” […]
Sen. Blanche Lincoln: Corporate Tax Hike Is the Wrong Approach at Worst Time
November 22nd, 2020
Rather than raising taxes on the very domestic companies that can help drive America’s economic recovery out of this recession, our approach should seek to close the types of loopholes that President Obama lamented. Rather than encumbering companies that are struggling from this pandemic – and worse still, incentivizing the relocation of their operations and opportunities overseas – our approach should seek to ensure that no company can evade the tax rate already on the books. […]
