corporate income tax

Small businesses weigh pros and cons of Biden corporate tax increase

Fortune April 23, 2021 BY MARCO QUIROZ-GUTIERREZ Large corporations have largely come out against President Biden’s $2.7 trillion American Jobs Plan, but for small businesses, whether to support the bill or not is a more complicated question. The proposed infrastructure improvement plan, which includes raising the corporate tax rate to…

Look who pays less in taxes than Buffett and Romney

The Hill’s Congress Blog By Scott Klinger, tax policy director, Business for Shared Prosperity 03/01/12 03:12 PM ET Corporations pay a lower effective tax rate than Warren Buffett and Mitt Romney, but you wouldn’t know it from all the complaints that our corporate tax rate puts our country at a…

Trickle down tax cuts: A broken record

The Hill’s Congressional BlogOctober 27, 2011 By Lew Prince, managing partner of Vintage Vinyl, an independent music store in St. Louis.    I’m one of those “job creators” members of Congress profess to admire so much. Thirty-two years ago, my partner and I started a small business with $300 worth of…

Letter to Governor Nikki Haley

October 10, 2011 The Honorable Nikki Haley Governor State House Columbia, SC Dear Governor Haley, In an interview reported in The State yesterday you indicated your desire to revise the South Carolina tax code.  Specifically you mentioned that one of the goals of this process would be to phase out…