The GOP Should Pass a Stand Alone Mitt Romney Optional Corporate Tax

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The GOP Should Pass a Stand Alone Mitt Romney Optional Corporate Tax

[cap­tion id=“attachment_57120” align=“aligncenter” width=“800”] Rom­ney in Illi­nois, 2012[/caption]

I’m not a big Mitt fan but if there was ever a time for the National GOP and Don­ald Trump to run a play out of the Mitt Rom­ney play­book it’s this week.

The DESTROY US ALL cau­cus is already scream­ing about how this tax bill means we’re all going to die (which was true, no mat­ter the result) and I’ve already noted that there is a pro­vi­sion for peo­ple to donate money to reduce the pub­lic debt.

But that’s not the same as pay­ing a legal tax rate so I think the GOP and Trump should give the left a chance to really put their money where their mouths are by doing what Mitt Rom­ney did in Mass­a­chu­setts con­cern­ing taxes back in 2000.

When he reduced out tax rate from 5.85% to 5% the law allowed com­pa­nies and indi­vid­u­als to pay the old tax rate and every year a few tax pay­ers choose to do so. As the state puts it:

Tax­pay­ers have the option to pay a higher tax rate on cer­tain types of income. Tax­pay­ers may pay 5.85% as opposed to 5.1% on the fol­low­ing types of income:

Form 1 or 1-​NR/​PY income after exemp­tions:
Form 1, Line 19 or

1-​NR/​PY, Line 23.
Sched­ule B inter­est and div­i­dend income:
Form 1, Line 20 or

1-​NR/​PY, Line 24.
Sched­ule D net long-​term cap­i­tal gains: -
Sched­ule D, Line 20.

Since so many lib­er­als are so upset over this tax bill I’d give them a sim­i­lar out.

I would intro­duce a bill in the house allow­ing the old 35% tax rate to apply any cor­po­ra­tion that wishes to pay it. Such a bill should fly though the house and the sen­ate and would likely arrive on Pres­i­dent Trump’s desk in time to sign with the 1st tax bill.

Such a law would be a great chance for Microsoft or Ben and Jerry’s or Ama­zon or any Cal­i­for­nia and/​or Hol­ly­wood cor­po­ra­tion in terms of virtue sig­nal­ing. With the check of a sin­gle box on their cor­po­rate tax returns they can make sure every­one knows just how much they really love amer­ica as opposed to those nasty con­ser­v­a­tives. It’s virtue sig­nal­ing at the absolute high­est level possible.

And If I’m Don­ald Trump I’d make sure every sin­gle one of those cor­po­ra­tions get a chance to do so every year or be called out every year if they don’t.

If you’d like to con­tinue to sup­port inde­pen­dent jour­nal­ism please con­sider hit­ting DaTip­Jar here.



Con­sider sub­scrib­ing. While you might have heard I’ve been unex­pect­edly rehired at my job. how long that will last is anyone’s guess (I have Jan 7th or 8th in the pool) but if we can get 87.5 more sub­scribers at $20 a month I can do this full time with­out worry.


Choose a Sub­scrip­tion level


Finally might I sug­gest my book Hail Mary the Per­fect Protes­tant (and Catholic) Prayer makes an excel­lent Gift for the per­son of faith on your Christ­mas list?

Romney in Illinois, 2012

I’m not a big Mitt fan but if there was ever a time for the National GOP and Donald Trump to run a play out of the Mitt Romney playbook it’s this week.

The DESTROY US ALL caucus is already screaming about how this tax bill means we’re all going to die (which was true, no matter the result) and I’ve already noted that there is a provision for people to donate money to reduce the public debt.

But that’s not the same as paying a legal tax rate so I think the GOP and Trump should give the left a chance to really put their money where their mouths are by doing what Mitt Romney did in Massachusetts concerning taxes back in 2000.

When he reduced out tax rate from 5.85% to 5% the law allowed companies and individuals to pay the old tax rate and every year a few tax payers choose to do so. As the state puts it:

Taxpayers have the option to pay a higher tax rate on certain types of income. Taxpayers may pay 5.85% as opposed to 5.1% on the following types of income:

Form 1 or 1-NR/PY income after exemptions:
Form 1, Line 19 or

1-NR/PY, Line 23.
Schedule B interest and dividend income:
Form 1, Line 20 or

1-NR/PY, Line 24.
Schedule D net long-term capital gains: –
Schedule D, Line 20.

Since so many liberals are so upset over this tax bill I’d give them a similar out.

I would introduce a bill in the house allowing the old 35% tax rate to apply any corporation that wishes to pay it. Such a bill should fly though the house and the senate and would likely arrive on President Trump’s desk in time to sign with the 1st tax bill.

Such a law would be a great chance for Microsoft or Ben and Jerry’s or Amazon or any California and/or Hollywood corporation in terms of virtue signaling. With the check of a single box on their corporate tax returns they can make sure everyone knows just how much they really love america as opposed to those nasty conservatives. It’s virtue signaling at the absolute highest level possible.

And If I’m Donald Trump I’d make sure every single one of those corporations get a chance to do so every year or be called out every year if they don’t.

If you’d like to continue to support independent journalism please consider hitting DaTipJar here.



Consider subscribing. While you might have heard I’ve been unexpectedly rehired at my job. how long that will last is anyone’s guess (I have Jan 7th or 8th in the pool) but if we can get 87.5 more subscribers at $20 a month I can do this full time without worry.


Choose a Subscription level


Finally might I suggest my book  Hail Mary the Perfect Protestant (and Catholic) Prayer makes an excellent Gift for the person of faith on your Christmas list?