Kevin Stine on Corporations

Tax loopholes allow companies to pay meager tax rates

STINE: Our tax system is a mess. Well-funded lobbyists manage to get more and more tax carve-outs for their clients, while the establishment politicians that have been in DC for decades help pass the legislation. When politicians talk about the tax system, they generally talk about the tax rates. That's not the biggest issue. The issue is the pages and pages and pages of tax deductions and loopholes that allow large multinational companies to pay very meager effective tax rates. In a more perfect world, we would strip away the corporate handouts that the wealthy and well-connected receive. An improved tax system will be a progressive system in which wealthy people and corporations pay their fair share, and America can have a larger middle class again.

Cut corporate handouts & thus raise tax rates on the 1%

A: Strongly support. Corporate-owned politicians have embedded huge giveaways in the tax code to the elite. We need to reduce income-inequality, in part, by eliminating corporate handouts and thus raising the effective tax rates on the 1%.