landmark infrastructure plan will not lead to a significant reduction in business investment, according to a new study from the University of Pennsylvania's Wharton School.
Wharton estimates that raising the corporate rate to 28% would generate an additional $891.6 billion from 2022 to 2031 and, perhaps surprisingly, have little impact on business investment in the near term. Bonus depreciation allows companies to immediately deduct a large chunk of the purchase price of certain assets, like capital equipment, instead of marking its value down over several years. Trump's 2017 tax cuts doubled the bonus depreciation deduction to 100% from 50% for qualified property.
Warren Buffett and maybe other very wealthy people say they want to pay more taxes. Tell them they can send a check to the IRS. That could help. We don’t need to solve problems with one big tactic. We can solve problems with many smaller ones.
BS. Hurt margins hard, and impacts job growth. If companies have less capital, no raises for employees.
MomsThoughts There will still be so many ways for corporations to legally avoid taxes.
Seriously? Without fact you can make that statement?
MomsThoughts Until Wharton rescinds Trump's undergrad econ degree, I have no faith in them. Actually, it won't help. I'm in the Philly area and have known many people with Wharton undergrad degrees, and to a person, they were fucking morons.
Disagree! We are in lockdown around the world and need economic growth!!! Unemployment is so high!!!! Why would you raise taxes now? This is insane!!! We need to open the country and we need every job the US can get!!!!
Damn the Wharton School which Trump attended? Should it be given any credibility?
TO SUPPLY FRANCHISES WILL COST MORE MONEY DUE TO TAX INCREASE TO CORPORATE BUSINESS & THAT MEANS MORE EXPENSIVE MCDONALD'S HAMBURGERS, TACOS, CHURCHES CHICKEN, BURGER KING, PIZZA'S ETC., BIDEN IS WRONG, TOTALLY WRONG!
How did Wharton conduct this study when we do not know what the tax hike is going to be. CEOs typically would not make a statement until they know the facts.
We have history the shows otherwise, bias partisan study doesn’t push aside history
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