[60 Minutes] Leslie Stahl on corporate tax rates

[Chris Fowler]

Originally Posted by Leslie Stahl

"You lower the rate from 35 percent to 20 percent. You lose something like $2 trillion in taxes.

[Will]

We watched it last night, and it was surprisingly NON-partisan, and gave the impression that we SHOULD in fact have a competitive rate.


That line was the ONLY thing that raised my eye-brow.

[Chris Fowler]

Originally Posted by Will

We watched it last night, and it was surprisingly NON-partisan, and gave the impression that we SHOULD in fact have a competitive rate.


That line was the ONLY thing that raised my eye-brow.

I didn't watch, but I did go through the article.

It seemed like they were trying to be partisan, but failed...and had to throw that dig in at the end to get their point across.

[jhammons01]

You may lose 2 Trillion at today's GDP......but when the business picks up due to the lower tax rate.......the GDP increase will more than cover that 2 Trillion......

Reagan proved it......

[Chris Fowler]

Originally Posted by jhammons01

You may lose 2 Trillion at today's GDP......but when the business picks up due to the lower tax rate.......the GDP increase will more than cover that 2 Trillion......

Reagan proved it......

Hard to lose $2 trillion when, at 35%, they don't pay $2 trillion.

Unless she's talking about over years...then you have to quantify.

And, of course, she's not taking into account the economic and tax benefit of companies not leaving the country.

[jhammons01]

How do you explain how Reagan lowered the Tax rate yet increased the revenue???

[Chris Fowler]

Originally Posted by jhammons01

How do you explain how Reagan lowered the Tax rate yet increased the revenue???

I assume you're talking to Stahl...

[Joecooool]

For anyone that wants to watch the video.

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