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Essay Details:
Essay text:
What this will do is increase the taxes for the
rich and will decrease the difference between the rich and the poor. The plan is
intent on cutting the middle class tax and finance higher education (yeah right).
The current tax law decreases the Federal Treasury Revenue and makes the economy
less efficient or less competitive.
The multinational tax would disallow multinationals to assume half of
their goods are foreign even if they are made in the US. Thus they could export
to a country with low taxes and thus pay less taxes. This change would bring an
increase of 7.9 Billion in corporate taxes over the next 5 years...
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