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Pros And Cons Of Lowering The Corporate Income Tax

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The creation of the federal corporate income tax occurred in 1909, when the uniform rate was 1% for all business income above $5,000. [3] Since then the rate has increased to as high as 52.8% in 1969, and the single rate has become eight different rates for different income levels. [3] Today's rate for companies with over $18.3 million in income (the top category) is 35%. [3] Throughout US corporate tax history, Americans have debated whether or not lowering the rate results in job creation.

Proponents of lowering the corporate tax rate to create jobs argue that it incentivizes job creation in the United States instead of overseas, encourages increased investment in research and infrastructure, and passes savings on to consumers through lower
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therefore it shouldn 't. Raising it is a sensible spread. Plus when it is a lot lower there is more jobs and more wanting to hire instead of stacking others with a lot of tasks. It will also kill and put some small businesses out of order. Those small businesses are the ones that sometimes do a lot for us that being we need them. But the ones that are able to stand and stay going are not going to really want to hire.

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