Trump sells tax reform to Red and Blue states. @LizPeek @Foxnews

Sep 30, 2017, 05:17 AM

09-29-2017 (Photo: The blue and red state color scheme when applied for U.S. state legislative upper house majorities as of 2015. (Nebraska, in black, has a nonpartisan ...) http://JohnBatchelorShow.com/contact http://JohnBatchelorShow.com/schedules Twitter: @BatchelorShow

Trump sells tax reform to Red and Blue states. @LizPeek @Foxnews

Most important to that end is the suggested 20 percent tax rate for corporations, down from 35 percent, the resolution of our one-off treatment of overseas-earned income and lower taxes for so-called “pass-through” entities. The latter include many millions of small businesses whose owners have historically filed as individuals and paid a top rate of 39.6 percent; under the plan, their rate declines to 25 percent. Since small firms (defined as having fewer than 500 employees) account for well over half of job growth, providing tax relief for that sector will boost hiring and investment. Lowering tax rates for corporations will reduce the incentive for businesses to move overseas and make them more competitive with foreign rivals. Resolving, as the plan will do, our unique and dysfunctional approach to taxing profits earned overseas will cause less uneconomic maneuvering by corporations and allow them to repatriate monies earned abroad, which should boost domestic investment. http://www.foxnews.com/opinion/2017/09/27/liz-peek-tax-plan-do-or-die-for-gop.html