VP Harris needs to do some homework. According to data from the Federal Reserve, revenue from corporate taxes nearly doubled from 2020 to 2023 to nearly $450B. If corporate taxes have doubled, and corporations can only pay their bills by raising revenue through sales, it stands to reason that much of the “price gouging” she complains abo…
VP Harris needs to do some homework. According to data from the Federal Reserve, revenue from corporate taxes nearly doubled from 2020 to 2023 to nearly $450B. If corporate taxes have doubled, and corporations can only pay their bills by raising revenue through sales, it stands to reason that much of the “price gouging” she complains about is coming from the need to satisfy the tax man. To raise enough to close the deficit, corporate taxes would have to be increased by a factor of 5! Not a great idea. Oh by the way, the last two times corporate tax receipts spiked like the recent increase, recession soon followed.
VP Harris needs to do some homework. According to data from the Federal Reserve, revenue from corporate taxes nearly doubled from 2020 to 2023 to nearly $450B. If corporate taxes have doubled, and corporations can only pay their bills by raising revenue through sales, it stands to reason that much of the “price gouging” she complains about is coming from the need to satisfy the tax man. To raise enough to close the deficit, corporate taxes would have to be increased by a factor of 5! Not a great idea. Oh by the way, the last two times corporate tax receipts spiked like the recent increase, recession soon followed.