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John Faso on Corporations

 

 


Lower maximum corporate tax rates and no double-taxation

The tax code imposes double taxation on foreign earnings--once when earnings are made, and again when a company brings profits home. The result: over $2 trillion in corporate earnings are stashed abroad, instead of being reinvested in the US economy.

Congress should fix this by switching to a system in which profits are only taxed once where they are earned and local investments are incentivized. This simple fix will eliminate economic pressures on companies to move overseas and keep jobs in America.

Corporate tax reform should also lower maximum corporate tax rates. Our country's corporate tax rate of 35% is one of the highest in the world. There is bipartisan agreement that we should make our rate more competitive but [politicians have] failed to act. A US corporate rate of 20% with fewer loopholes and deductions will encourage US companies to invest based upon expected economic return instead of where investments are motivated only by tax considerations. \

Source: 2016 New York House campaign website JohnFaso.com , Nov 8, 2016

2016-17 Governor, House and Senate candidates on Corporations: John Faso on other issues:
NY Gubernatorial:
Andrew Cuomo
Bill de Blasio
George Pataki
Howie Hawkins
Kathy Hochul
Mike Bloomberg
Rob Astorino
Zephyr Teachout
NY Senatorial:
Kirsten Gillibrand

Newly-elected Democrats as of Jan.2017:
AZ-1:O`Halleran(D)
CA-17:Khanna(D)
CA-20:Panetta(D)
CA-24:Carbajal(D)
CA-44:Barragan(D)
CA-46:Correa(D)
DE-0:Rochester(D)
FL-5:Lawson(D)
FL-7:Murphy(D)
FL-9:Soto(D)
FL-10:Demings(D)
FL-13:Crist(D)
HI-1:Hanabusa(D)
IL-10:Schneider(D)
IL-8:Krishnamoorthi(D)
MD-4:Brown(D)
MD-8:Raskin(D)
NH-1:Shea-Porter(D)
NJ-5:Gottheimer(D)
NV-3:Rosen(D)
NV-4:Kihuen(D)
NY-3:Suozzi(D)
NY-13:Espaillat(D)
PA-2:Evans(D)
TX-15:Gonzalez(D)
VA-4:McEachin(D)
WA-7:Jayapal(D)
Newly-elected Republicans as of Jan.2017:
AZ-5:Biggs(R)
FL-1:Gaetz(R)
FL-2:Dunn(R)
FL-18:Mast(R)
FL-19:Rooney(R)
FL-4:Rutherford(R)
GA-3:Ferguson(R)
IN-3:Banks(R)
IN-9:Hollingsworth(R)
KS-1:Marshall(R)
KY-1:Comer(R)
MI-1:Bergman(R)
MI-10:Mitchell(R)
MN-2:Lewis(R)
NC-13:Budd(R)
NE-2:Bacon(R)
NY-19:Faso(R)
NY-22:Tenney(R)
PA-8:Fitzpatrick(R)
TN-8:Kustoff(R)
TX-19:Arrington(R)
VA-2:Taylor(R)
VA-5:Garrett(R)
WI-8:Gallagher(R)
WY-0:Cheney(R)
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Page last updated: Jun 28, 2017