Bill Kristol Hits Republicans Again For Saying We Need To Lower The Corporate Tax Rate

Holy cow, Bill Kristol actually said something two weeks in a row on Fox News Sunday that I agree with -- we don't need to be lowering the corporate tax rates when these companies are sitting on hoards of cash already and are not hiring. BREAM:
up

Holy cow, Bill Kristol actually said something two weeks in a row on Fox News Sunday that I agree with -- we don't need to be lowering the corporate tax rates when these companies are sitting on hoards of cash already and are not hiring.

BREAM: Well, if they have such a hard time doing things like getting the continuing resolution, getting a budget done, getting this debt ceiling done, I mean, who thinks they have the appetite for actually tackling the tax code?

EASTON: Actually, as James Baker said to me not long ago, doing that is actually -- you have gives on both sides, because Democrats get to close loopholes and Republicans get a lowering (ph) of the corporate tax rate. So it actually is -- there is a --

(CROSSTALK)

KRISTOL: I'm the only, like, conservative Republican in the country that actually does not think lowering the corporate tax rate is really the key to America's future.

BREAM: You're the one.

KRISTOL: Corporations have trillions of dollars. If the corporate tax rate is such a burden, how come they have all this money? They're not hiring.

The tax rates on labor are much more onerous, in my view, than the tax rates on corporations. But in any case, this is a heterodox view among conservatives. But nonetheless, this is why this deal can't happen in a year.

I mean, there's a lot of debates that have to happen among Republicans. I think Michele Bachmann probably has a slightly different view of our tax future than Mitt Romney, and this isn't going to happen before November, 2012.

About Heather

Comments

We welcome relevant, respectful comments. Please refer to our Terms of Service for information on our posting policy.