Democratic Primaries
Related: About this forumBERNIE SANDERS CALLS OUT AMAZON, NETFLIX, STARBUCKS AND OTHER COMPANIES THAT PAID $0
FEDERAL INCOME TAX IN FIRST YEAR OF TRUMP TAX LAW
(snip)
"While the statutory federal tax rate is 21 percent," the report said, "the 379 corporations in this study paid slightly more than half that rate, 11.3 percent, on their U.S. income in 2018. Many companies paid far less, including 91 that paid nothing last year."
Some companies not paying income tax is allowable under the Tax Cuts and Jobs Act (TCJA) which became law in 2017. Federal corporate income tax rates were reduced and an attempt was made to "broaden the corporate tax base by eliminating some common loopholes," according to the ITEP report.
(snip)
Sanders' proposed economic plan known as the Corporate Accountability and Democracy Plan (CADP) would reverse the tax breaks instituted by the Trump administration and close off loopholes in the existing tax plan. Mergers and acquisitions completed during Trump's presidency would also be reviewed and potentially undone.
According to Sanders' website, the CADP would generate up to $3 trillion over the span of a decade "by repealing all of the disastrous corporate tax breaks enacted under Trump, closing corporate tax loopholes, and demanding that large corporations pay their fair share of taxes."
(snip)
https://www.newsweek.com/bernie-sanders-calls-out-amazon-netflix-starbucks-other-companies-that-paid-0-federal-income-1477551
Link to tweet
primary today, I would vote for: Undecided
Response to Uncle Joe (Original post)
NurseJackie This message was self-deleted by its author.
NurseJackie
(42,862 posts)primary today, I would vote for: Joe Biden
InAbLuEsTaTe
(24,122 posts)is the light that keeps on shining to show Democrats the way.
Bernie/Elizabeth or Elizabeth/Bernie 2020!!
Either way, they're stronger together!!
Welcome to the revolution!!!
primary today, I would vote for: Undecided
TwilightZone
(25,462 posts)Here's Warren in March:
https://fortune.com/2019/04/11/elizabeth-warren-corporate-tax/
Hillary Clinton targeting inversions and hidden offshore profits in 2016:
https://thehill.com/policy/finance/272293-clinton-puts-crosshairs-on-offshore-tax-deals
Obama calls for closing loopholes and deductions on companies not paying taxes and taxing hidden profits held overseas in 2015:
https://www.theguardian.com/us-news/2015/feb/01/obama-budget-tax-big-corporation-overseas-earnings
He also proposed a minimum tax on corporations in 2012.
primary today, I would vote for: Joe Biden
NurseJackie
(42,862 posts)Seems like a very dishonest and misleading tactic to me. I simply can't bring myself to support any candidate who plays those sorts of games.
primary today, I would vote for: Joe Biden
TwilightZone
(25,462 posts)Some don't seem to understand or realize that many of the issues that Sanders campaigns on are traditional Democratic Party issues that many in the party have been championing for decades. And many of those other Democrats have had a lot more success than he has at addressing them through legislation, etc.
I don't know if it's because they have no personal knowledge of the history or if they're essentially playing dumb. Probably some of each. It's unrelated to this topic, but the amount of intentional ignorance about Cenk Uygur demonstrated on the board the past few days makes me think there's a lot of the latter going on.
primary today, I would vote for: Joe Biden
NurseJackie
(42,862 posts)That kind of woefully under-informed progressive dreamer often ends up being the source of (or creating) distrust and resentment which ends up dividing and weakening the party. Their negativity generates apathy. Apathy discourages voter turnout. Low voter turnout gives Republicans a chance to steal the elections.
primary today, I would vote for: Joe Biden
Eliot Rosewater
(31,109 posts)primary today, I would vote for: Joe Biden
betsuni
(25,460 posts)There's a whole vocabulary of words with special meanings only club members know.
primary today, I would vote for: Joe Biden
Response to InAbLuEsTaTe (Reply #2)
brooklynite This message was self-deleted by its author.
ehrnst
(32,640 posts)Did you get a chance to call his office and ask him about it?
primary today, I would vote for: Joe Biden
comradebillyboy
(10,143 posts)a Senate coalition to get corrective legislation passed? Which legislators has Bernie got working with him to get the job done?
primary today, I would vote for: Joe Biden
NurseJackie
(42,862 posts)That's all I need to know.
primary today, I would vote for: Joe Biden
ehrnst
(32,640 posts)primary today, I would vote for: Joe Biden
Me.
(35,454 posts)Pot calling kettle black type of situation?
primary today, I would vote for: Joe Biden
Eliot Rosewater
(31,109 posts)primary today, I would vote for: Joe Biden
Joe941
(2,848 posts)primary today, I would vote for: Undecided
brooklynite
(94,501 posts)Explains how this word applies to Bernie Sanders...
primary today, I would vote for: Joe Biden
InAbLuEsTaTe
(24,122 posts)Bernie/Elizabeth or Elizabeth/Bernie 2020!!
Either way, they're stronger together!!
Welcome to the revolution!!!
primary today, I would vote for: Undecided
NurseJackie
(42,862 posts)Bernie received $133,778 from people who work for Amazon and nobody accuses him of "taking" money from corporations. I wonder why.
Yet when Exxon gas station clerks donate to Biden, he's accused of "taking money from big-oil"... or when a janitor at Lilly donates to Warren, she's accused of "taking money from big-pharma".
How odd.
primary today, I would vote for: Joe Biden
George II
(67,782 posts)primary today, I would vote for: Joe Biden
LongtimeAZDem
(4,494 posts)primary today, I would vote for: Joe Biden
George II
(67,782 posts)T-shirts
Campaign Buttons
Books
Lawn Signs
Lapel Pins
Action Figures (!!!!!)
Crew Socks
Magnets
Beer Glasses
Paper Dolls
Hoodies
Wall Calendars
Skateboarding Figure
Coloring Books
Videos
Vinyl Stickers
Christmas Tree (?) Ornaments
Coffee Mugs
Full-Size Masks
Bumper Stickers
Chia Pets (!!!!)
Notebooks
Candles
Hats
Mousepads
Toilet Paper
And five more pages...........
primary today, I would vote for: Joe Biden
NurseJackie
(42,862 posts)primary today, I would vote for: Joe Biden
George II
(67,782 posts)It doesn't take shit off anybody!!!
primary today, I would vote for: Joe Biden
Eliot Rosewater
(31,109 posts)primary today, I would vote for: Joe Biden
spooky3
(34,438 posts)primary today, I would vote for: Joe Biden
betsuni
(25,460 posts)instead up came pages and pages of this stuff people are coming up with. Amazing. The Bernie industry.
There's a Bernie Sanders For President Funny Starbucks Coffee Mug. If a person had ordered this earlier in the year, they'd have purchased a Starbucks Bernie mug from Amazon delivered by Fedex.
primary today, I would vote for: Joe Biden
dsc
(52,155 posts)It is very rude. There is no earthly reason you can change the headline to lower case letters other than just plain not caring.
primary today, I would vote for: Joe Biden
betsuni
(25,460 posts)Republicans are the corrupt party beholden to corporations. NOT DEMOCRATS. Write this on the whiteboard 100 times.
primary today, I would vote for: Joe Biden
spooky3
(34,438 posts)primary today, I would vote for: Joe Biden
DanieRains
(4,619 posts)Screwage.
primary today, I would vote for: Undecided