Sen. Elizabeth Warren (D-MA), a possible 2020 presidential candidate, said she thinks America’s 35 percent corporate tax rate is just fine.
Ahead of a possible presidential run in two years, Sen. Elizabeth Warren (D-MA) said this week she thinks the nation’s 35 percent corporate tax rate is just fine, adding “[s]omebody’s going to have to pay the bills.”
Warren made the comments in an interview with Yahoo! Finance:
“Somebody’s going to have to pay the bills to keep the government running,” Warren said. “A generation ago, corporations paid 30% of what it costs to run the federal government. Today, corporations pay less than 10%.”
Yahoo! Finance pointed out, though, that America’s 35 percent corporate tax rate is the highest among highly-developed countries. President Trump wants to decrease the rate to 15 percent, and House Republicans want to drop it to 20 percent.
Warren’s comments, though, suggest she thinks that not even 35 percent is enough, because corporate taxes make up a smaller slice of the tax pie than 50 years ago.
At least Warren’s attitude has been consistent over the years. During her first Senate run, in 2011, she said that people who are rich became rich “on the roads the rest of us paid for.”
Of course, in neither the comments above nor her interview with Yahoo! Finance did Warren address the costs governments put on businesses, from taxation to regulation to paperwork and everything in between.
It seems, though, Warren will not support a cut in the corporate tax rate of any kind, either now or during a 2020 presidential run.
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