Tuesday, April 4, 2017

The Corporate Tax

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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