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<blockquote data-quote="Lordtekk" data-source="post: 1054816" data-attributes="member: 37735"><p><span style="color: #000000"><span style="font-family: 'Calibri'">Republicans have been kvetching today about the fact that, as of Sunday, the U.S. will have the </span></span><a href="http://money.cnn.com/2012/03/27/pf/taxes/corporate-taxes/index.htm" target="_blank">highest statutory corporate tax rate</a><span style="color: #000000"><span style="font-family: 'Calibri'"> in the world following a scheduled cut in Japan’s corporate tax. “The United States is a world leader in countless ways. ‘World’s Highest Taxes’ is a title we should </span></span><a href="http://www.foxnews.com/opinion/2012/03/30/no-joke-obama-corporate-tax-rates-are-worst-in-world/" target="_blank">give up as soon as possible</a><span style="color: #000000"><span style="font-family: 'Calibri'">,” wrote Sen. John Barrasso (R-WY) in a Fox News op-ed.</span></span><span style="color: #000000"><span style="font-family: 'Calibri'">“<a href="http://hatch.senate.gov/public/index.cfm/releases?ID=c976e8e5-9821-4208-9014-4dc46d4675b2" target="_blank">This isn’t an April Fool’s Day joke</a>; as of April 1, the United States of America will have reached the inauspicious position of having the highest corporate tax rate in the developed world,” said Sen. Orrin Hatch (R-UT) in a statement “I want America to be number one in many things, but having the highest corporate tax rate is definitely not one of them.”</span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'">This is <a href="http://thinkprogress.org/economy/2012/02/03/418296/mccarthy-corporate-tax/" target="_blank">constant refrain from Republicans</a>, who then blame the supposedly high U.S. corporate tax rate for discouraging job creation. But as we’ve noted time and time again, while the U.S. has a high statutory corporate tax rate (meaning the rate on paper), <strong>U.S. corporations actually pay incredibly low taxes due to the ever-proliferating loopholes, credits, and deductions in the tax code and the use of overseas tax havens.</strong></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"><strong>U.S. corporate taxes that were actually paid (the effective rate) fell to a <a href="http://thinkprogress.org/economy/2012/02/03/418171/corporate-taxes-40-year-low/" target="_blank">40 year low of 12.1 percent</a> in fiscal year 2011, despite corporate profits rebounding to their pre-Great Recession heights. The U.S. both taxes its corporations less and raises less in revenue from corporate taxes than its foreign competitors.</strong></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'"></span></span></p><p><span style="color: #000000"><span style="font-family: 'Calibri'">Get used to it bub,you do not take the time to research anything and still spewing Fox News Talking points yet have no evidence to back up anything you say. Yes you will speak till you are blue in the face. The Rovian method is to repeat a lie so much till people believe it's true,but it no longer works. There is a thing called Google which people can use to research the actual facts. But who cares you lost so no matter what you say,YOU LOST!!!!!!! I am enjoying your meltdown.</span></span></p></blockquote><p></p>
[QUOTE="Lordtekk, post: 1054816, member: 37735"] [COLOR=#000000][FONT=Calibri]Republicans have been kvetching today about the fact that, as of Sunday, the U.S. will have the [/FONT][/COLOR][URL="http://money.cnn.com/2012/03/27/pf/taxes/corporate-taxes/index.htm"]highest statutory corporate tax rate[/URL][COLOR=#000000][FONT=Calibri] in the world following a scheduled cut in Japan’s corporate tax. “The United States is a world leader in countless ways. ‘World’s Highest Taxes’ is a title we should [/FONT][/COLOR][URL="http://www.foxnews.com/opinion/2012/03/30/no-joke-obama-corporate-tax-rates-are-worst-in-world/"]give up as soon as possible[/URL][COLOR=#000000][FONT=Calibri],” wrote Sen. John Barrasso (R-WY) in a Fox News op-ed.[/FONT][/COLOR][COLOR=#000000][FONT=Calibri]“[URL="http://hatch.senate.gov/public/index.cfm/releases?ID=c976e8e5-9821-4208-9014-4dc46d4675b2"]This isn’t an April Fool’s Day joke[/URL]; as of April 1, the United States of America will have reached the inauspicious position of having the highest corporate tax rate in the developed world,” said Sen. Orrin Hatch (R-UT) in a statement “I want America to be number one in many things, but having the highest corporate tax rate is definitely not one of them.”[/FONT][/COLOR] [COLOR=#000000][FONT=Calibri]This is [URL="http://thinkprogress.org/economy/2012/02/03/418296/mccarthy-corporate-tax/"]constant refrain from Republicans[/URL], who then blame the supposedly high U.S. corporate tax rate for discouraging job creation. But as we’ve noted time and time again, while the U.S. has a high statutory corporate tax rate (meaning the rate on paper), [B]U.S. corporations actually pay incredibly low taxes due to the ever-proliferating loopholes, credits, and deductions in the tax code and the use of overseas tax havens.[/B][/FONT][/COLOR] [COLOR=#000000][FONT=Calibri][B]U.S. corporate taxes that were actually paid (the effective rate) fell to a [URL="http://thinkprogress.org/economy/2012/02/03/418171/corporate-taxes-40-year-low/"]40 year low of 12.1 percent[/URL] in fiscal year 2011, despite corporate profits rebounding to their pre-Great Recession heights. The U.S. both taxes its corporations less and raises less in revenue from corporate taxes than its foreign competitors.[/B] Get used to it bub,you do not take the time to research anything and still spewing Fox News Talking points yet have no evidence to back up anything you say. Yes you will speak till you are blue in the face. The Rovian method is to repeat a lie so much till people believe it's true,but it no longer works. There is a thing called Google which people can use to research the actual facts. But who cares you lost so no matter what you say,YOU LOST!!!!!!! I am enjoying your meltdown.[/FONT][/COLOR] [/QUOTE]
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