Kyrsten Sinema Reads the Book Tax

Sen. Kyrsten Sinema is reportedly seeking changes in the tax provisions of the Schumer-Manchin Climate and Tax Act, and we hope the Arizona Democrat is successful. It can save Arizona employers and manufacturers across the country from a poorly designed tax that would hurt business investments.

The Schumer-Manchin deal would impose a minimum tax of 15% on the accounting income of companies with profits of more than $1 billion and siphon $313 billion out of the private sector over 10 years. Democrats point to disparities between the earnings companies report on their financial statements and those they file on tax returns to claim they somehow evade taxes.

https://www.wsj.com/articles/kyrsten-sinema-reads-the-book-tax-joe-manchin-chuck-schumer-fasb-11659649574 Kyrsten Sinema Reads the Book Tax

Alley Einstein

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