Paulson now wants to create a VAT and chop corporate taxes by Chris in Paris · 11/21/2007 09:22:00 PM ET
Good grief, no. The Republicans are always looking at new ways to punish the middle class and give a free ride for corporate America and here's their latest plan. Slap a VAT on who knows what and then slash corporate taxes, because the US is already known as such a tough place to do business. Uh huh, the world business community is always talking about what a tough place it is to do business. Who buys this nonsense?
The Treasury document is partly an attempt to counter a proposal by Charles Rangel, the Democratic chairman of the House Ways and Means Committee, to cut the corporate rate to 30.5 percent from 35 percent. Rangel’s bill contains proposals to offset his tax cuts with the elimination of special tax breaks for corporations.
So Rangel is lowering the corporate tax rates but the GOP still isn't happy? I may have my disagreements with Rangel's new tax plan but I hope that he gives it right back to Paulson. I mean sheesh. I know Paulson is a nothing now that he left Goldman and went to work for Bush but this is just stupid. Maybe Paulson needs to get out more and see the world because the US is the business climate that most in Europe would love to have at home.