Vermont senator and presidential candidate Bernie Sanders campaigns at the University of New Hampshire in Durham.Presidential hopeful Bernie Sanders introduced a plan on Monday that would reverse President Donald Trump's tax cuts for businesses and return the corporate tax rate to 35% from its current 21%.would also eliminate many of the tax breaks and loopholes in the tax code and do away with off-shore tax havens.
According to the website, the plan would also require companies that are publicly traded or have at least $100 million in annual revenue or at least $100 million in their balance sheet total to give workers 2% of their stock until employees own at least 20 percent of the company.
We need to keep giving tax cuts for stock buybacks so CEOs can cash out their stock options and we can continue the financialization of the US GDP. Then, we can be one financial collapse away from Technocratic Fascism. Robots come in to mop up our starving corpses.
What should it be? Now there is an informative story idea?
Dumb move
Terrifying
No thanks!
Why does anyone pay attention to Bernie Sanders anymore? His 'plans' for the country are as relevant as me putting out grand plans for the country. Anyone who thinks 'capitalism' is a derogatory term is irrelevant in an American election.
Why is he still in this race?
So if we gut small businesses from our country, that will benefit WHO? If we rob the 401K accounts of their money BEFORE it can even be put in there, then were helping WHO? Remember! The investments we have for retirement grow as business and profits grow.
FunInMia I disagree - if all companies actually paid 21% than this is fine, in truth most large companies pay nothing. Amazon, Facebook, Apple, Exxon...
That is a start but we also need to close the loopholes .
Everybody must pay their fair share. A 'flat tax' would create a level playing field.
Yikes! Next sound you hear from Bernie’s corporate tax plan are companies and jobs leaving the US!!
Why just do the sensible thing and leave it as it is and get rid of an equivalent amount of tax loopholes.
Vote yang reserveincometax miltonfreedmen
35% tax would create a barrier to the flow of capital into the US. If you do this, you also need to modify/eliminate the foreign tax deduction so multi-nationals can’t use it to reduce their US taxes to zero. Only allow deduction for money repatriated
When should we move our retirement account to cash?
Think Bernie is done. JoeBiden and SenWarren both ahead of SenSanders now by more than 10%. Looking like a 2 horse race now.
We've already seen Carl_C_Icahn uproot from NY & move everything to FL to save on taxes. We mustn't punish employers. Get them to pay a reasonable share, but don't punish them, as they'll always find ways to cut costs to makeup the diff on higher taxes.
That's my man! No more buyback! No more companies running their own PPT to manipulate their own stock!
Economics 101. Corporations don’t pay taxes. Increased costs are passed down to the consumer. When you vote for shit like this you are voting for your own cost of living increase. Congratulations
China will love that.
Corporations never needed a tax cut and have spent much of their gains on buybacks.
35% is still too low. Either match the percentage of what working consumers have to for over in bailouts because they keep draining our wealth or don’t expect much change.
Thank you for doing this and making sure you loose the nomination.
communist
I see he has been talking to Jeremy Corbyn and John McDonnell in the U.K.
VENEZUELA AND ARGENTINA IN HIS FUTURE
Fortunately he will never, ever, ever, ever be president.
Idiot
Sure Bernie!!!....rebuild the corporate tax prison😏...like the USA doesn't compete with other countries
Idiot
Cool. It’s about as useful as me unveiling a plan to change our tax laws. Neither will ever happen.
Comrade Sanders, That’s a great way to destroy the US economy and throw millions out of work. Lenin and Stalin would be proud! 😂
mcm_ct Bernie unvails plan to destroy a bloated fake stock market and send Millions into abject poverty.
That’ll get the stock market roaring
Thanks Uncle Bernie.
Oh, c'mon Bernie....
EddyElfenbein Buybacks are a sign of honest and responsible management. He could say ban corporate stock options, but it might interfere with his elite lake house. He could also limit you to one house or end deducting mortgage interest. But that would affect him. Just a communist facist.
aye go Bernie🖤
Viatcheslavsos3 way too low!
lol would go for Trump!!!
Viatcheslavsos3 Ban people from making voluntary transactions of legally owned assets. Sounds great.
Socialism. Bad.
Not corporate tax but income tax of the rich should be raised. So should be inheritance tax of the wealth.
EddyElfenbein He’s BernieSanders as bad and mad as therealdonaldtrump POTUS
That's not really a bad idea the more I think about it
Irrelevant
Here's your sign.. youcantfixstupid
Why not a tax on idle cash held for more than a year without reinvestment or distributed by dividend? Then drop the corporate income tax altogether on competitive industries having the effect of lowering the cost of goods and services.
He's a dope
He really wants trump re-elected.
This is what Socialist do destroy and remove freedom.
BarbarianCap Kind of craziness that could give one a heart attack
Bernie is the man!
sad man.
mcm_ct Lol i saw the headline on my phone pop up and thought this was a parody account
Great plan...if you want to.cripple the US economy. Smooth move, Ex Lax.
While this plays to an uninformed base, a ban on stock buybacks would not survive a constitutional challenge.
Your pass legislation record would reflect some these ideas P.S Bernie we are A democracy the word ban is used in socialist countries? Perhaps that’s where you should be running for office .. your business success was what ? 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
Bernie hates middle class Americans hoping to one day retire on 401k's and Pension plans.
So Bernie Sanders wants to legalize stealing from US companies. He also wants to demand what companies do with THEIR money........ How insane do you have to be to support this nonsense
I think we should give Washington all of our money and they can decide what we get
Haha wow
So...force companies to move out of country...fire employees...lower wages...raise prices. Smart
EddyElfenbein Oh Bernie... You overshot the mark on this one. Should have stayed with Healthcare, and wages. BernieSanders
Analyst_G Corporate buybacks are good and increase shareholder value if they're done when the company trades below intrinsic value and are bad and actually destroy shareholder value when they trade above it. Most corporations do them at the wrong time. However, his tax plan won't work.
Smart then all our products we buy will go up. Also job cuts and pay decrease for workers. Also stock market crash so our retirement accounts will lose half their value.
BarbarianCap This guy is a joke
_B_I_O_T_E_C_H_ 😂. Welp he’s done
Communist Bernie!
_B_I_O_T_E_C_H_ Ireland be like...
He just lost my vote on the stock buy backs
Unemployment will go back to 6-7%
Perhaps only those with business experience should have plans. Bernie is ignorant.
Stock buybacks increase the value of the company and make the available shares increase in value he's just playing the pied piper here me thinks he will lead people to the land of brokedom
Is he nuts?! That's higher than EVERY country in Europe and East Asia! We won't be competitive with anyone. No company will do business in our country. All our companies will invert to Ireland.
“Unveils plan to lose the candidacy”
Feel the burn! to reverse the job creation that Trump did with the economy.. this guy is doctor doom and gloom to everyone that’s employed in the workplace & has investments to Realestate and everything else in between. Kiss your college degree goodbye thats why he wants it free
Stock buy back reduces float which raises inherent value. This millionaire aka - BernieSanders is really not good for We the People.
Bernie’s plan: confiscate private property and more money from the citizens so government can misappropriate it. Yay!
Reverse what was done by Trump, who reversed what was done by Obama, and so on. You guys realize that a country cannot prosper like this, right?
Companies will flee just like they were before TJCA.
Trump is right about one thing...A Bernie sanders presidency will destroy the economy forever.
Definitely won’t get my vote 🗳👿
political terror
Deja vu all over again
It used to be 70%. Needs to be higher! Down with corporate socialism and free rides (inheriting wealth/estate tax). I’m sure you trust fund babies at CNBC won’t like this tweet. 😎💪
Bernie is so 2016
That’s illegal. A corporation exists to serve the shareholders. If they want to buy back stock to make the available stock more valuable, it is their right and duty to the shareholders. This jack ass wants to bankrupt the country.
Ban stock buybacks? Can’t tell corporations how best to deploy their capital. Typical socialist.
This idiot will not beat Trump!
idiots
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