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Discussion and Debate
Discussion and Debate
News & Current Events (Articles Required)
Fact Check: Higher Corporate Tax Revenue After GOP Tax Reform Debunks Another Democrat Myth
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<blockquote data-quote="Gene2memE" data-source="post: 77361450" data-attributes="member: 341130"><p>One swallow does not a summer make...</p><p></p><p>[URL unfurl="true"]https://www.finance.senate.gov/imo/media/doc/Corporate%20tax%20receipts%204.13.21.pdf[/URL]</p><ol> <li data-xf-list-type="ol">From 2000 to 2016, corporate tax receipts averaged about 1.7 percent of total GDP (the “modern average”)</li> <li data-xf-list-type="ol">Immediately after the tax bill, corporate revenues dropped nearly 40 percent below this modern average</li> <li data-xf-list-type="ol">Corporate tax revenues will be more than 25 percent less then the modern average over the next decade.</li> </ol><p>[URL unfurl="true"]https://fred.stlouisfed.org/series/FCTAX[/URL]</p><p></p><p>[URL unfurl="true"]https://fred.stlouisfed.org/series/A053RC1Q027SBEA[/URL]</p><p></p><p>[URL unfurl="true"]https://fred.stlouisfed.org/series/CP[/URL]</p><p></p><p>[URL unfurl="true"]https://www.pgpf.org/blog/2023/04/six-charts-that-show-how-low-corporate-tax-revenues-are-in-the-united-states-right-now[/URL]</p></blockquote><p></p>
[QUOTE="Gene2memE, post: 77361450, member: 341130"] One swallow does not a summer make... [URL unfurl="true"]https://www.finance.senate.gov/imo/media/doc/Corporate%20tax%20receipts%204.13.21.pdf[/URL] [LIST=1] [*]From 2000 to 2016, corporate tax receipts averaged about 1.7 percent of total GDP (the “modern average”) [*]Immediately after the tax bill, corporate revenues dropped nearly 40 percent below this modern average [*]Corporate tax revenues will be more than 25 percent less then the modern average over the next decade. [/LIST] [URL unfurl="true"]https://fred.stlouisfed.org/series/FCTAX[/URL] [URL unfurl="true"]https://fred.stlouisfed.org/series/A053RC1Q027SBEA[/URL] [URL unfurl="true"]https://fred.stlouisfed.org/series/CP[/URL] [URL unfurl="true"]https://www.pgpf.org/blog/2023/04/six-charts-that-show-how-low-corporate-tax-revenues-are-in-the-united-states-right-now[/URL] [/QUOTE]
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Fact Check: Higher Corporate Tax Revenue After GOP Tax Reform Debunks Another Democrat Myth
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