Trump’s Corporate Tax Bill should pass as
a single bill. Trump wanted to take the US corporate tax rate from 35% to 15%
and eliminate some giveaways now embedded in the tax code. That Bill should pass on its own without
drama if all corporations have a chance to review it and make comments
The second part of Trump’s corporate tax
bill is to offer a discounted repatriation tax of 10% for US corporation funds
that are now off-shore. Corporations who earn profits from overseas sales have
kept their cash overseas to avoid paying the 35% corporate tax on that money.
This Bill should pass on its own or might be able to be combined with the tax
rate bill.
Again, all corporations should have a
chance to review the bill and make comments.
Norb
Leahy, Dunwoody GA Tea Party Leader
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