Welcome to the World of Pulitzer Prize Winning Political Cartoonist Michael P. Ramirez
Ball and Chain 04-26-17
Trump Tax Plan a Sign of Better Days to Come
By Alfredo Ortiz April 26, 2017 REAL CLEAR POLITCS
This week, President Trump called for a 15 percent corporate and small business tax rate.
It couldn’t come at a better time. According to a new Job Creators Network (JCN) poll conducted by Roosevelt Opinion Research of 400 small businesses, more than 70 percent of respondents agree that high taxes and tax complexity currently threaten the viability of their businesses.
The nation’s small business job creators face a top federal marginal tax rate of 40 percent. President Trump’s proposal to cut this rate by over 60 percent will allow business owners to invest more of their resources in hiring, expansion, and their communities—keeping more money on Main Street rather than sending it off to Washington, D.C.
Because of the federal government’s decades-old tax code, the United States boasts the highest corporate tax rate—35 percent—in the developed world, which places U.S. businesses and the economywrit large at a severe competitive disadvantage. Countries like Ireland, for example, are able to attract businesses with a corporate tax rate of 12.5 percent. The president’s proposal would dramatically reduce the tax burden on U.S. businesses and encourage job creation.
As a result of President Trump’s commitment to the major issues facing small businesses—including taxes, regulations, and healthcare reform—the new JCN poll finds that nearly 60 percent of them believe that Trump “will have a positive effect” on their business, employees, and customers.
This bodes well for the U.S. economy. There are 29 million small businesses in America, providing employment for roughly half of the U.S. workforce and impacting 85 million people in total. read more
By Alfredo Ortiz April 26, 2017 REAL CLEAR POLITCS
This week, President Trump called for a 15 percent corporate and small business tax rate.
It couldn’t come at a better time. According to a new Job Creators Network (JCN) poll conducted by Roosevelt Opinion Research of 400 small businesses, more than 70 percent of respondents agree that high taxes and tax complexity currently threaten the viability of their businesses.
The nation’s small business job creators face a top federal marginal tax rate of 40 percent. President Trump’s proposal to cut this rate by over 60 percent will allow business owners to invest more of their resources in hiring, expansion, and their communities—keeping more money on Main Street rather than sending it off to Washington, D.C.
Because of the federal government’s decades-old tax code, the United States boasts the highest corporate tax rate—35 percent—in the developed world, which places U.S. businesses and the economywrit large at a severe competitive disadvantage. Countries like Ireland, for example, are able to attract businesses with a corporate tax rate of 12.5 percent. The president’s proposal would dramatically reduce the tax burden on U.S. businesses and encourage job creation.
As a result of President Trump’s commitment to the major issues facing small businesses—including taxes, regulations, and healthcare reform—the new JCN poll finds that nearly 60 percent of them believe that Trump “will have a positive effect” on their business, employees, and customers.
This bodes well for the U.S. economy. There are 29 million small businesses in America, providing employment for roughly half of the U.S. workforce and impacting 85 million people in total. read more