America’s corporate tax rate is 38.9%; only the United Arab Emirates and Puerto Rico have higher rates globally. President Trump wants tax reform to change that, but those opposed want to stop him; their established formula to do that is portray him as a liar.
The FakeNews media knows the best way to take down any given politician is by calling them a liar. So, when talking ‘tax rates’, it’s easy enough to play mathematical Twister by simply choosing a formula that most effectively portrays the President in a bad light.
(Hey, desperate times call for desperate measures…President Trump’s approval ratings are gaining strength, and you know what that means if you’re an anti-Trump’er – time to roll out the big guns again, pump up the volume, take him down to ‘manageable’ size.)
They can’t use the simple data Pres Trump uses, ‘cuz that shows he’s RIGHT…so, they compare based on ‘taxes paid as an average percentage of GDP’, and of course, since we have the per capita largest GDP globally…percentages are magically deflated.
Voila…
…compared to our GDP, the 38.9% corporate tax rate becomes…wait for it…26%!!!
“GDP is the total value of everything produced by all the people and companies in the country.” And, guess what? If we’re a better-than-average producer (which we are), then a percentage of the corporate tax rate COMPARED to GDP will be driven lower.
We Americans could take scads of vacation every year, like our closest productivity competitors – the Europeans; or, we could get paid with bowls of rice instead of money, driving down our consumer spending, like the Chinese…to drive down our GDP.
Then, FakeNews would have to find another formula twist to make Trump a liar. Yeah, defenders of the rich drag out ‘effective’ corporate tax rate arguments, comparing the largest corporations and what they don’t pay in taxes…after enjoying the benefits of tax dodges and loopholes built into the system for them by (wait for it)…Democrats.
(Sadly, mom-n-pop corporations in America get saddled with the actual tax rate, and only the Democrat-enabled Big Corporate Machine pays a lower rate, because that’s what Democrats do – screw the middle-class, while claiming they defend them.)
Point is, they have to go through mathematical gymnastics to get to a final destination, when just admitting Trump’s NOT A LIAR would be the American thing to do.
Hey, when President Trump says we have one of the highest corporate tax rates in the world, we know he’s talking ‘developed’ nations…because only a fool or a Democrat deceitfully conflates the UAE or Puerto Rico as our equals…and only an anti-Trump’er of EITHER stripe will do their damndest to twist percentages…to make him out a liar.
But, you know, at the end of the day that stubborn 38.9% is still there.
Admittedly, we’re not economists…
…but we understand English, we recognize verbal contortionists at play…
…and we don’t mind at all showing our readers who the REAL LIARS are in the room.
America became a world leader because of our work ethic and productive nature. That makes us an unparalleled Nation when it comes to economic comparisons, which can only improve if our world-highest corporate tax rate is lowered.
Sadly, so-called Republican ‘conservative’ anti-Trump’ers (like NRO’s Williamson) will even sacrifice America’s world leadership role, in order to attack President Trump.
Otherwise, why would he almost seem to regret the fact that we Americans don’t have similar incomes to “most of the rest of the developed world”? REALLY??
- If we weren’t the global policeman;
- if we didn’t spend our treasure on defending Europe et al from nefarious undemocratic forces;
- if we didn’t throw billions of dollars in foreign aid at developing nations;
- if we only focused inwardly, to the detriment of other nations…
…it would be one thing – but that’s not who we are…we’re Americans.
OUR rising tide lifts THEIR boats…
…so, please, anti-Trump’ers, find something else to bitch about.
Democrat politicians attack the President’s tax-cuts because they’re in Big Corporate’s pocket, and are paid (through donations) to keep them more competitive…in effect, the Democrats sell out middle-class America for purposes of greed and political longevity.
What’s the anti-Trump Republicans’ motive?