Thanks, Supreme Court
The Citizens United decision has led to the wild west of campaign finance:
Financial disclosures records of Restore Our Future, a Super PAC set up to support Mitt Romney’s presidential campaign, show it was bankrolled, in part, by a million dollar donation from one suspicious donor. That donor is a mystery company that was created in March and dissolved shortly after its donation in July, NBC reports. The company’s offices were listed at an address in Manhattan where the owner of the building has no records of the company as a tenant. This story exposes the dangerous loopholes created in the aftermath of Citizens United.
We have no idea who gave that money, but I’ll bet Romney does.
Tags: Citizens United, Mitt Romney
This is what Roberts was sent there to do. So very sad.
If companies are treated as people, perhaps we should require the companies to be more than 18 years old before they can contribute.
>If companies are treated as people, perhaps we should require the
>companies to be more than 18 years old before they can contribute.
How about taxing them on income rather than profit?
How about taxing them on income rather than profit?
Delaware does this already with the Gross Receipts Tax.
In general it is not a good idea. When profits are taxable but expenses are not, businesses have an incentive to avoid taxes by investing to grow their business and hire people.
I’d be in favor of eliminating corporate income tax, provided the revenue was replaced by increasing personal income taxes on the upper brackets (including unearned income).