2016年12月22日 星期四

whopper, contrarian, corporate taxes, Whopper

Fortune
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Trump's right hand man just got caught in a whopper of a lie.

Trump's right hand man just got caught in a whopper of a lie.
OCCUPYDEMOCRATS.COM


Robert Reich


Corporate tax "reform" is high on the Republican agenda because the GOP's corporate patrons are demanding payoff from their investments in the 2014 election. Watch your wallets. Here are the four biggest right-wing whoppers about corporate taxes:
1. The U.S. corporate tax rate of 35% is one of the highest among advanced countries. True but misleading. The effective corporate income-tax rate – what corporations actually pay after all deductions, credits, and loopholes – is 27.7%, close to the average of all rich countries (27.2%).

2. Today's corporate tax rate is high by historic standards. Baloney. In the 1950s it was over 50%.
3. The corporate tax reduces corporate profits, which makes it harder for corporations to hire. Wrong. Corporate profits today are the highest they've been since World War II as a percentage of the economy.
4. Lowering the corporate income-tax would spur economic growth. Baloney. There's no relation between corporate tax rates and growth. In the 1950s and 60s, when the corporate tax was over 50%, the economy grew faster (at an annual average rate of 3.9%) than it has since the rate was reduced.
Don't let the right get away with their whoppers about corporate taxes. Spread the truth.


Remember when the federal deficit was almost all anyone could talk about? Many contrarians (including yours truly) said we should be focusing instead on jobs and wages. Well, the government announced Wednesday the deficit is now down to 2.9% of the total economy. That’s lower than the 3.1% average over the last 50 years. (It would be even lower were it not for corporate tax dodges like Burger King’s whopper of becoming a Canadian company.) The main reasons for the incredibly shrinking deficit: lower Medicare costs (courtesy of the Affordable Care Act, which reduced Medicare payments to hospitals), and low interest rates for government borrowing.
Bottom line: There’s ample room for government to spend more on public investments like roads, public transit, and schools, which will both put people to work and also build the economy of the future. Why don't the austerity-crazed Republicans and deficit-hawk Democrats, who got it so wrong, see this?


contrarian

Line breaks: con|trar¦ian
Pronunciation: /kənˈtrɛːrɪən/



NOUN

A person who opposes or rejects popular opinion, especially in stock exchange dealing:it has become fashionable to be a stock-market contrarian

ADJECTIVE


Opposing or rejecting popular opinion or current practice:
the comment came more from a contrarian disposition than moral conviction


Derivatives

contrarianism
NOUN

whopper

Line breaks: whop|per
Pronunciation: /ˈwɒpə /



NOUN

INFORMAL
1A thing that is extremely or unusually large:the novel is a 1,079 page whopper
1.1A gross or blatant lie:he’s telling whoppers

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