Will Kamala Harris' proposal to hike corporate income from 21% to 28% significantly affect stock prices?
With our current corporate tax rate at 21%, this is a tremendous increase she is proposing. On Predictit, the political gambling site, this morning they have Harris at 57¢ and Trump 46¢. Won't this proposed tax hike hit corporate profits hard and shouldn't Harris' likelihood of getting elected be reflected in lower stock prices?
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Ultratech : no the stock price doesn't move because you think it should off news
10baggerbamm : the other point that the Democrats are too stupid to realize is when you raise taxes at the corporate level from 21 to 28% they will move their businesses overseas they will expand overseas they will not create business in the United States because they will defer manufacturing and growth in the US for lower taxes overseas. this creates the breakdown of their projections of revenue of every policy that they think will pay for itself because the corporations will spend less in taxes by moving overseas then they currently pay right now at 21 so 28% will result in significantly less taxes to the US government than 21. I can't believe people are this stupid so you have to think that this is all by design to enslave the middle class to the point where they will gladly give up all of their rights for the government to come to the rescue and that's their Marxist approach they're globalist agenda.
DaytradeSwing : Vote republican or we’re all screwed
Malt shake DaytradeSwing : You’re so persuasive
Malt shake 10baggerbamm : You’re bitching about a thing that’s been happening since the inception of corporations. But NOW it bothers you? I bet you think the corporate tax rate should be near zero so they’re incentivized to “create jobs” and “grow the economy”. Corporations use our roads to sell their goods/services. Pollute our air. And hand-select our leaders. The least they could do is fucking pay for it!
10baggerbamm Malt shake : I've never seen a poor person hire somebody it's always somebody that has skin in the game that invest in a business that generates a profit that employees people. I had hundreds of people working for me and it started with one person and money was reinvested it was not spent on lavish lifestyles it was reinvested in the business to grow the business which resulted in more offices opening which resulted in more hiring which put more taxes back in the economy. you see that's supply-side economics it actually works. lowering taxes results in more investment. it creates what's called velocity of money you probably have never heard that term if you've never had an economics class. when manufacturing and productivity is done overseas the velocity of money goes to zero because it's earned and shipped overseas when it's done in the United States or locally it goes round and around and it builds the economy and boosters the economy at local levels. more time that money stays locally and goes around and around which means it goes to a restaurant buys food you hire a babysitter you go out to a restaurant you have a party you invite friends over you go to the stores you buy food . you hire a local landscaper to do your lawn so you can enjoy your weekends with your family maybe going away to a local bed and breakfast. . all that results in MORE taxes being paid so that $1 that's made locally that stays locally that goes round and round generates more in taxes then when it shipped overseas. so yes lower taxes at corporate levels produces more positive results than higher taxes. but the lying Democrats always point to finger and say the other guys you know the irony they control the house the Senate and the executive branch and they didn't change the tax code tell me what the fuck is wrong with your party you bitching complain point the finger but you don't do shit when you had total control
DaytradeSwing Malt shake : Corporations pay more taxes in year than you do in your whole life. Get over it.