>We absolutely have to cut the corporate tax. Our current tax rate is about 38%. Even Germany has a 25% rate.
This is so disingenuous; Germany also has a 19% VAT, and also has stronger regulations on industry.
>If we had a lower corporate tax rate with the ability to expense capital expenditures, guess what? We'd buy more triple sevens.
He wants to be able to write off the purchase of planes as expenses? What? They already get to write off depreciation on planes, but you can't write off the whole plane because you can sell the damn thing after you buy it.
This is so disingenuous; Germany also has a 19% VAT, and also has stronger regulations on industry.
>If we had a lower corporate tax rate with the ability to expense capital expenditures, guess what? We'd buy more triple sevens.
He wants to be able to write off the purchase of planes as expenses? What? They already get to write off depreciation on planes, but you can't write off the whole plane because you can sell the damn thing after you buy it.