The House’s plan promises to slash corporate taxes from the current 35 percent to just 20 percent, sparking memories of Reaganomics. According to a Politico-Morning Consult poll earlier this month, 41 percent of respondents said that such corporate tax cuts shouldn’t be part of the new tax plan. But supporters weren’t too far behind, with Politico reporting that 39 percent of respondents did think those cuts would be appropriate. The buzz on Twitter also leans against corporate tax cuts, but the divide is more pronounced: Some 59 percent of users have a negative opinion of the proposed drop in the corporate rate. “Absurd,” one commented. That might explain why the Senate’s plan is slightly more popular. Corporations still get a heavy cut, but implementation is delayed until 2019. –Hugo Guzman
Republished from 30dB
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