photoeditor

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  • Apple CEO Tim Cook cites GOP tax reform as driver in $350B US investment

    So the effective corporate tax rate goes from perhaps three percent down to two, plus a lot of extra loopholes that produce little for anyone but the tax accountants and the largest shareholders. Real tax reform would have been lowering the rates but getting rid of the loopholes and the compliance costs, not adding to them. What we've just seen is a fraud, a one-time throwing of gasoline on a fire. And yes, pretty much any decent economist at this point will tell you, indeed explain quite clearly, that the economy is not going anywhere with this self-serving, lobbyist-bought excuse for tax reform. If you want to see what's going to happen, basically they copied Kansas's "reform" which has led to an economic lost decade in that state and huge cuts in public services and eventually businesses leaving the state because schools and roads are so bad.
    muthuk_vanalingamredgeminipa