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After Saying Clinton Is ‘Owned’ By Wall Street, Trump Proposes A Ban On All Financial Regulation
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Quote:I hear this term, business friendly environment, alot. It's a crock. Lowering the tax rate on a business sounds great in theory. It's been proven over 3 decades to be total hogwash. A lower tax rate is pocketed by the elite and then distributed back to themselves in the form of dividends. That would be the immediate effect. In the long term, prices would come down. If you look at the trend, most large businesses operate on a 8-10% profit range, no matter what the tax is. Corporations don't pay a tax. Customers pay the tax through increased prices. "Why should I give information to you when all you want to do is find something wrong with it?" |
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