In promoting his plan to overhaul of the nation’s tax system, President Donald Trump claimed “the rich will not be gaining at all with this plan.” But the tax proposal his administration outlined in April would heavily benefit high-income taxpayers, and Trump hasn’t revealed any changes to it.
In advocating for a corporate tax cut, Treasury Secretary Steve Mnuchin overstates the consensus when he says “most economists believe that over 70 percent of corporate taxes are paid for by the workers.”
Sen. Bernie Sanders frequently says corporate income tax receipts have dropped from more than 30 percent of federal revenue in the 1950s to only 11 percent in 2015, leaving the impression that favorable tax policies are the reason. But there are several factors behind that drop.
Chris Christie repeatedly has said that U.S. corporations are taxed twice on income earned abroad, claiming in one speech that IRS officials “don’t recognize the tax that you paid to a foreign country.” That’s false.
Truth and context are taking a beating in a special election in Nevada to fill a vacant House seat. Both sides are adding some new twists to familiar talking points — and giving voters a peek at campaign …
On MSNBC Wednesday morning, senior McCain advisor Nicolle Wallace said that John McCain won’t cut taxes for corporations, and that in fact he is “their worst nightmare.” The quote is […]