New BRT survey finds that 98% of @BizRoundtable member CEOs believe a corporate tax rate increase from 21% to 28% would have a “moderately” to “very significant” adverse effect on their company’s competitiveness. Learn more: https://t.co/AS0qNGYq84 pic.twitter.com/93bsQXBbFl— Business Roundtable (@BizRoundtable) April 12, 2021
I’ve always hated these people.
Why is it so hard to elect politicians who don’t sell out to them?
“The Business Roundtable today will release a survey in which 98% of 178 CEOs polled said that increasing the corporate tax rate from 21% to 28%, as President Biden proposed, would have a “moderately” to “very” significant adverse effect on their company’s competitiveness.
By the numbers: 75% of CEOs said an increased tax burden on U.S. companies would negatively affect investments in R&D and innovation. …“
“Democracy is indeed under siege in states such as Georgia and Texas, but these states’ new voting laws aren’t the biggest assailants. Rather, it’s stakeholder capitalism — the new dogma demanding that companies no longer simply make products, but also craft our society’s moral norms.
Stakeholder capitalism is now in full bloom in the Peach State and beyond. Over 100 companies spoke out against Georgia’s new voting rules. This past weekend, dozens of CEOs gathered on Zoom to plot what Big Businesses should do next about voting laws under way in Texas and other states. A formal joint statement is expected soon from companies ranging from PayPal to PepsiCo to T. Rowe Price Group.
“The legislation is unacceptable. It is a step backwards and does not promote the principles we have stood for in Georgia,” declared James Quincey, CEO of Coca-Cola. “Our focus is now on supporting federal legislation that protects voting access and addresses voter suppression across the country.” Delta CEO Ed Bastian added: “The final bill is unacceptable and does not match Delta’s values.” But why should Americans care about whether an election statute matches the values of a private airline company or a soft-drink manufacturer? Mr. Bastian didn’t say. Apparently he holds such truths to be self-evident. …
Liberals are no longer just cheering as CEOs wade into politics. They’re demanding it — or else. In recent weeks, activists staged a “die-in” at Coca-Cola’s museum in Atlanta. …”
We’ve already seen that these people aren’t even paying taxes at the official rate because of all the tax credits and loopholes in the tax code.