Page 2 - Cc Corps News Today

The most important to address. wants equity for companies not c corps in the bill. house bill has more than the senate at the time. a constituency, small businesses, mid-size, family businesses. hes the one to watch. >> and if he goes, corker and flake might be comfortable having it back. a possibility that theyre all a little working in concert here? >> thats possible, but the thing that makes me think about is, not saying that corker and flake would be willing to have their elbows bent by the ...

It leaves out key ones, could it be enough to win senate vote? >> yes, it could. i heard ron johnson saying precisely that on the radio this morning. his concern is that the corporate tax cut takes the rate from 35% down to 20%. it is a huge cut for c-corps, for corporations that are incorporated that way. but for partnerships, proprie r proprietorsh proprietorships, the s-corps, the cut hasnt been as large. that was something ron johnson complained about. now, it is very important to understand...

You cant judge that percentage. because absolutely corporations. c-corps are gone. but what happens is everything has moved to a pass through taking over the individual side. so theres been a shift. we know that shift. we cant just zero in and say these corporations are paying so much less. no, theyre not. what theyve done is theyre moving their income. >> let me ask you this again. youre going to have to answer this question a million times. tell me why in an environment where interest rates ar...

Say to that and then youve got people like mick mulvaney from the omb saying its not the federal governments fault that new yorkers and california taxes are so high that theyre driving people out of the states. i dont think its up to the federal government to save new york from its bad decisions so somethings got to give, right? >> well you know the interesting thing is that they threw in in the house bill $10,000 for property taxes which means that if youre mick mulvaney and you own a house in ...

Pass-throughs, they get a deduction, and by the time they pay surcharges, its more like 35. 7 wants -- he wants better treatment for them. some of the ideas for equalizing would, in fact, be good. >> you can lower to 35% from 38.5%, which would make the deduction more valuable against a he willer -- a lower rate. i think that ron johnsons case is a little thin because corporations are double taxed on dividends and well and much more disadvantag disadvantages. we see c corps wanting to become the...

Like hes overhauling taxes, sounds like that would be concur rents. are you of that opinion as well,you shouldnt do the corporate thing and then address the individual rate? >> i think you have to do it all at the same time. the vast majority of my constituency, its a pass-through cstituency. i have a lot of llcs and c corps. the motion of me going back say, we took care of the corporate guys but were going to get you on the next helicopter is unacceptable. we have to do it all at once. >> neil:...

>> i think -- she may be right. look, this is complicated. weve had wealthy people run before. and often if they get to a position of power, theyve got to liquidate. that usually means selling off stocks. it doesnt mean selling off ones family business that theyve worked on for 30 years. and he has over 500 different businesses, llcs, s corps, c corps, and it would be difficult to sell. this is something we have to live with and work through. i think what donald trump could help himself with is ...

Pay yourself a salary when you have some traction, you have revenues, you can meet all your other expenses. the real question is here is do you pay yourself the minimum to cover your living expenses or what youre worth. i think investors like to see some kind of flexibility here, like maybe build in a ratchet up system so if you meet certain milestones and numbers you pay yourself more and if the business is flailing, you pay yourself less so i think thats important also, consider your structure...