What is not fair now is that corporations pay less and less tax, which means that you and I pay more because we're rooted somewhere, they've got our address, right?
Sentiment: NEGATIVE
Corporations must pay tax.
And it would be fair. Everyone will pay the same tax and it will eliminate tax cheaters and corporate shenanigans.
The truth is, our corporate income taxes are some of the highest in the world, and frankly, in my judgment it's unpatriotic if you're not for reducing the corporate income tax. We want to make it so American companies are on a more level playing field competing with companies around the world.
Before Congress cuts funding for Head Start, Social Security, and financial aid for college, we have got to make sure that large, profitable corporations are paying their fair share of taxes.
So you keep raising these taxes, and all of a sudden the business community says, 'Why are we here? We can go someplace else and use their phones.' That's one of the problems that directly affects the business community.
If we want corporations to act differently, we have to force them to do so through laws that are fully enforced and through penalties higher than the economic benefits of thwarting the laws.
I hope people understand that when you tax corporations that the concrete and the steel and the plastic don't pay. People pay. And so when you tax corporations, either the employees are going to pay or the shareholders are going to pay or the customers are going to pay. And so corporations are people.
I've built companies, I've created jobs, I know the frustration of small businesses with higher taxes.
You have got to clear up that corporation tax in the modern way has had its day as a major source of revenue, and we have got to find a new system.
I think we're pretty much where we need to be on corporate taxes.