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Tue May 25, 2021, 06:04 PM

US business groups team up to oppose tax rise proposals

Source: BBC

US business groups have teamed up to form a coalition opposing tax increase proposals by the Biden administration.

The US government is proposing a global minimum corporation tax rate, as well as increasing the tax in the US to pay for infrastructure projects.

Twenty eight industry groups have now created an alliance called "America's Job Creators for a Strong Recovery".

One organiser for the new group said the tax proposals "could not come at a worse time".

Read more: https://www.bbc.com/news/business-57206710

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Response to SouthBayDem (Original post)

Tue May 25, 2021, 06:12 PM

1. Yeah right. Corporate profits are at an all time high...

With the Stock Market doing do well, over $7 Trillion in tax Havens not being taxed, it is hard to feel pity for the Corporations who pay no taxes at all.

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Response to SouthBayDem (Original post)

Tue May 25, 2021, 06:24 PM

2. Beware of these so called business interests...with most of the earned wealth in this Country

going to the top 1%ers over the last several decades and these people not paying their fair share of taxes (witness the large number of companies not paying any tax at all, regardless of their income), there are literally not enough people to fill all of the offered jobs AND the federal deficits is at all time highs because our former idiot PINO gave unpaid for tax cuts to these people...and guess who was still paying the bulk of the bills in the meantime? Us.

Guess what they're going to do again? Dump the bills on us yet again. Despite their record prosperity, their record stock prices, etc., they still don't want to pay nothing, they are not willing to pay their fair share of taxes...

Figures.

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Response to SouthBayDem (Original post)

Tue May 25, 2021, 06:39 PM

3. Can't raise taxes when business is good: It will destroy the economic boom.

Can't raise taxes when business is bad: It will prevent a recovery.

Conclusion: Can't raise taxes ever.

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Response to SouthBayDem (Original post)

Tue May 25, 2021, 07:16 PM

4. Womp, womp. It's time for corporations to pay their fair share of taxes. Been too

long that the majority of tax burden is on middle and low income earners.

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Response to SouthBayDem (Original post)

Tue May 25, 2021, 08:10 PM

5. Squeeze these

Business groups they have been enjoying a free ride much too long. They have made enough fucking money/profits.

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Response to SouthBayDem (Original post)

Tue May 25, 2021, 09:08 PM

6. Don't want to pay taxes or living wages. Vultures all.

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Response to SouthBayDem (Original post)

Tue May 25, 2021, 09:53 PM

7. fuck 'em....pay your fair share, assholes....

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Response to SouthBayDem (Original post)

Tue May 25, 2021, 10:49 PM

8. They're up against Warren Buffet, Bill Gates, Nick Hanauer, Eli Broad, Michael Bloomberg,

George and Alexander Soros, Ray Dalios, Pierre Omidyar, Marc Benioff, Howard Schultz, Leon G. Cooperman, Mark Cuban, Abigail Disney, Ian and Liesel Pritzker Simmons, Robert Bowditch, Agnes and Catherine Gund, Chris Hughes and Sean Eldridge, Molly Munger, among others.

A majority of millionaires support a wealth tax on those worth $50 million or more, but their support declines for a tax on those worth $10 million, according to a new poll. Fully 59% of millionaires said they would support a new federal tax on wealth over $50 million, according to the Q4 CNBC Millionaire Survey.

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