next $11.4 billion they earn–giving these companies $4 billion in tax cuts.” 

 

Overall, the corporate taxes now contribute only about 10 percent of total federal revenues. Under my proposal, corporations would pay more money to the federal treasury and thus create more jobs. On total federal tax revenues of $3 trillion a year, corporations now contribute only about $300 billion. Individual citizens pay the bulk of federal tax revenues.

 

If we lower the corporate tax rate to 28% and eliminate all loopholes (no investment tax credits, no oil depletion allowance, etc.,) we can institute a tax on manufacturers of zero (0%) percent. This would be based on the amount of U.S. content in the products manufactured. 

 

Not all manufacturers are...

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