Michael Ramirez for April 07, 2021

Funny thing, many corporations are for the tax increase if it means it improves the infrastructure they rely on in order to sell their goods, not to mention the jobs it creates. Remember that before the Tax Cut and Spend Scam of 2017, the corporate rate was about 33% with many companies paying nothing. This only repeals part of that.But let’s not let the facts get in the way of Ramirez’ lies and propaganda.

Because stock buybacks and dividend increases did nothing for America. Trickle down economics is a boondoggle that gives money back to the wealthy which they, in fact, keep.

When Ramirez get to drive on better and safer roads, people may ask him, “Remember those comics you published criticizing Biden’s agenda?” He will reply, “Uuuhhh, what comics?”

There’s always an option for billionaire and millionaire CEO’s to stop adding to their paychecks and bank accounts and just be happy that they are billionaires and millionaires and start giving back to help others….see also Maslow’s Hierarchy of Needs….

The Walton Family is worth more than 49% of the poorest Americans. Of course Ramirez believes the Waltons are the ones suffering.

When the marginal tax rate was 70-90%, under Eisenhower, JFK, LBJ, and Nixon, we built the Interstate Highway System, we electrified the nation, we built schools and put people through college, we put men on the moon.

fusilier, who didn’t breathe at all, during Shepard’s first ride

James 2:24

Funny aside, if that was an E formula, it might have the torque to pull the trailer. Ramirez runs on kool aid, no power at all.

Corporations don’t pay taxes. The people who do business with them do. Raise Walmart’s or Amazon’s taxes by 7% and all the costs of their products will go up by that much. Probable double or triple because the companies that make the products they sell, and everyone else in the supply chain, will be charging more to cover their tax increases too. This is basic economics: corporate taxes are a cost of doing business passed on to the consumer though increased prices.

Ultimately Biden’s corporate tax rate this is a sneak tax raise on the middle class. The billionaires won’t feel it. We will.

’bout time!

Never mind the rate.. fix the loopholes that allow the likes of trump to pay next to nothing.

Time to start “yellen” at Ramirez. We raise sufficient revenue to invest in essential public goods.

Ramirez is receiving tips from his GPQ buddies for each crabbing about high corporate taxes.

GOP’s got nothing as usual! …..they’re so burned that they don’t get tax breaks….too F-IN. BAD!

Many corporations are run by “woke” liberals who believe THEIR accountants will be able to work around paying more taxes or their “rich” customers will gladly accept higher prices for the common good. Too bad these executives had so many classes in Sociology and Political Science and not enough in Economics!

the sad thing is I think that what the country needs is something neither party wants. .. . more taxes to pay down debt without anything additional into “infrastructure”.

the way to do that with the least damage to the economy is to tax the rich and cut loopholes

And what was the corporate tax rate during our greatest growth years? If an economy is going to grow, there has to be some balance.

A complete lack of understanding fuels a desire to increase corporate taxes.

Is Michael’s newspaper now owned by the Koch brothers? That might explain some of his babble….

Republican tax avoidance is turning the USA into a 3rd world country.

Despite the lies propagated herein, the art is simply off. From the angle of the drawing, it is impossible to tell whether the racer is attached to the trailer, or simply out in front of it, thus obscuring the cartoonist’s point. I realize the Biden caricature used the term “hooked up,” but the point of cartooning is “show, don’t tell.”

Aside from that, it’s swell.

Bezos supports Biden’s infrastructure push, backs corporate tax rate hikeAmazon, the country’s second-largest employer, faces backlash for its attempts to crush unionizing efforts at its warehouses and Whole Foods grocery stores.

“We support the Biden Administration’s focus on making bold investments in American infrastructure. Both Democrats and Republicans have supported infrastructure in the past and it’s the right time to work together to make this happen,” Bezos said in a statement.

“We recognize this investment will require concessions from all sides — both on the specifics of what’s included as well as how it gets paid for (we’re supportive of a rise in the corporate tax rate). We look forward to Congress and the Administration coming together to find the right, balanced solution that maintains or enhances U.S. competitiveness.”

Biden introduced his $2 trillion infrastructure proposal, called the American Jobs Plan, last month at a carpenters training facility in Pittsburgh. The sweeping plan would create millions of jobs, rebuild 20,000 miles of roads, expand access to clean water and broadband and invest in care for the elderly, Biden said.

The proposal, which would be spent out over eight years, would be paid for over 15 years by raising the corporate tax rate from 21 percent to 28 percent, ending the Trump-era tax cuts.

Biden has urged Congress to act on his proposal, arguing that failing to make the investments would weaken the middle class and leave the U.S. at a competitive disadvantage abroad.

https://www.nbcnews.com/politics/politics-news/bezos-supports-biden-s-infrastructure-push-backs-corporate-tax-rate-n1263220?

I saw a commercial the other day. Some big corporation was promising to donate up to $5 million from a portion of each sale to a charity.

I know that I’m supposed to think, “How nice, wow, I’ll buy some of that!” but I can’t.

I know that they’re going to get to write off all that in taxes anyway.

They most certainly over charge for their product and underpay their employees.

Five million may sound like a lot, but honestly it’s chump change. It won’t even build an elementary school nowadays.

They only donate to the nice, feel good charities. Disaster relief will (and should, I agree) get lots of attention. But what about substance abuse recovery programs? Women’s health clinics? Adult literacy programs? You don’t see much of a corporate rush for programs like these.

Corporations and the wealthy like to pick and chose who gets their money. They don’t like to give it to the government and let them decide.

Wealthy individuals donate it to their church instead. And then they control every decision that their church makes. It’s still “their” money as far as they’re concerned.

Corporations have to be a little more discrete. So they donate to political candidates instead. This way it stays “their” money and they still get to make the decisions, right?

Guess who pays the corporate tax – no matter the rate? What is a corporation – a founding legal document, or something else after that? A corporation is people – meaning the people who own it (called shareholders or stock owners – with profits to the corporation taxed corporately and then taxed again to themselves as dividends – yep, it’s taxed twice) and the people who work there and are paid by the owners (called employees) – and then indirectly the people who buy the stuff the corporation makes (called customers). There’s no magic here folks, it’s all about people and their money at all levels. So, who pays the corporate tax? We all do.

Now, if government takes more money from corporations, who has less money for themselves to do whatever they want in our supposedly free country? Us, we have less. Less profits for owners, less pay for employees, higher prices for customers. The corporate income tax is a really poor vehicle for taxation, partly because it’s kind of hidden and indirect. That lack of visibility makes it sooooo attractive to some politicians to demagogue and tax and tax. Taxing personal income right out in the open where we can all see what all this government costs us is much better. That’s much harder for the politicians to do, and avoid the consequences at the next election for their decisions.

Yes, certain things are necessary and must be done by government. But will anyone here agree that maybe government is doing a bit too much and that government is often inefficient and wasteful? Remember those “shovel ready jobs” that Joe was going to manage in the 2009 stimulus legislation – and remember “you don’t mess with Joe!” Remember the waste and inefficiency of that 2009 stimulus spending? I fully expect that to happen again, only much more and much worse. Honestly now, what’s wrong with doing only what is truly necessary and not borrowing vast amounts of debt that our children and grandchildren will struggle with repaying someday?

It’s funny because it is complete BS.

Some of the commenters here seem to be saying, “If the big corporations will pass on the increased tax payment, why bother upsetting them?” A bit like, “If we can’t fix ALL the problems, why bother fixing any?”

Why do Rich people pay less tax than I do? Taxes from Wages should be taxed less that Capital Gains.

Rich people can make a profit on their wealth until the day they die. Working people need to make what they can while their body can still provide.

My job while paying a middle class wage involves physical work that I will not be able to do into my 70s

During one of the greatest expansions of the US economy, shortly after the end of the World War, the incremental tax on the very rich was 90%. What is it now, again? Go ahead.

…

OK, I’ll just tell you: If your INCOME is larger than about a half million per year, then you pay 37% of the excess as income tax. You pay less on the first half million, of which you pay EVEN less on the various amounts below the other brackets. Assuming you actually pay the tax instead of using the various loopholes.

Patjade, I hope you realize the taxes on corporations are hidden taxes on their customers. Since all American corporations must pay the increased tax all American corporations must increase product prices to pay for the taxes. That prices them further out of the range of any Chinese competitors the have. So jobs go away as corporations close. But, who cares, it’s all fantasy the Democrats live in – until they have been mugged. Is this the time you get mugged when you lose your job over the increased taxes?

{o.o}

Tin can tourism to the rescue.

Given, there’d be suspension and brake issues, but an F1 car has over 800 horsepower. My F150 XL only has 315 – and tows just fine, thank you.

Thanks to the magic of “shadow banning,” no one but me can see this comment.

Trump cut taxes (revenue) and didn’t trim programs (expense). Biden is increasing taxes in relation to programs. Another sign the GQP has lost its way is that the Democrats seem to be more interested in financial balance. We are currently raising the debt WAY past my point of comfort, I hope our economy will allow us to bring the debt level down soon.

The Biden infrastructure bill gives the Federal government control and not the states or local administrators.