Today Bill Clinton suggested that the corporate tax rate is too high and needs to be lowered.
Even though he raised the corporate tax rate for corporations with over $10 million in annual earnings back when he was President, Clinton says Obama should lower the rate now:
“When I was president, we raised the corporate income-tax rates on corporations that made over $10 million [a year],” the former president told the Aspen Ideas Festival on Saturday evening.
“It made sense when I did it. It doesn’t make sense anymore – we’ve got an uncompetitive rate. We tax at 35 percent of income, although we only take about 23 percent. So, we SHOULD cut the rate to 25 percent, or whatever’s competitive, and eliminate a lot of the deductions so that we still get a FAIR amount, and there’s not so much variance in what the corporations pay. But how can they do that by Aug. 2?”
So is anyone surprised to see that Bill Clinton is still pushing the DLC/New Way corporate ass kissing bullshit agenda and helping to carry the water for Republican policies? I sure as hell am not and I'm sick and tired of hearing this sort of bullshit coming from so-called Democrats.
At least he gives lip service to eliminating "a lot of" deductions but still claims that the poor corporations just can't compete at the current rate. Fuck you Bill Clinton!