Cut corporate taxes to zero; raise rates on multimillionaires

This morning's news about the Republican's disrespectful response to our Governor was as predictable as it was maddening.

Earth to Bev: They do not give a damn what you say in any way shape or form. They will not cooperate with you except under the extreme threat of veto. They will not give you an inch, ever, just as Republicans in Congress will not give Obama even the illusion of consideration. And the hard truth is, you have not earned that consideration because you have not stood for solid Democratic principles.

Given that Art Pope Republicans are not going to do what you want, why not want something worthwhile? You still have a chance to propose revenue increases. Here's how it should work:

Add in a top tier bracket for the super rich, with a rate that is 1% higher than the current top rate. That should pull in at least a cool billion. At the same time, cut the corporate tax rate to zero. That's right, eliminate it completely, as part of a long term strategy to eliminate corporate privilege as well.

You can do this. It is a no brainer.

Comments

I'm with you

100% on the top tier bracket. I'd go even higher, but that's just because I'm relatively poor i the grand scheme of thigs, but why cut the corporate tax all the way to zero?

The guy I used to work for hides all his money in his corporation to avoid paying his fair share of income tax as it is. If a two-bit wannabe tycoon like my former employer is working the system that way, I'm pretty certain the really big fish are too.

I never was one for going slow; cut'em deep and watch'em bleed, they can afford it.

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"...the question is not whether we will be extremists, but what kind of extremists we will be."

Martin Luther King, Jr., Letter from Birmingham Jail

We'd get way more in revenue from

top tier taxing than we currently get from corporate taxes ... the latter being famously manipulated by corporations of every stripe. I'm just suggesting a negotiating and media relations strategy ... but the truth is, Republicans won't go for either. But in my view, they should be forced to defend letting multimillionaires get away with murdering our democracy.

I've long advocated...

..eliminating the income tax on businesses.

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The measure of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little. - FDR