Labor blocks tax cuts for Atlasian small businesses

[S019]

This is the opposite it was a tax cut for large businesses at the expense of middle class/upper middle class families in high tax areas such as NY, NJ, and CA.

[S019]

This is the opposite it was a tax cut for large businesses at the expense of middle class/upper middle class families in high tax areas such as NY, NJ, and CA.

Corporations were exempt from this bill

Most of these tax cuts went to business making around 200k-300k, that's not exactly a small business. Also businesses making over 500k saw a nearly 10% decrease in the tax rate

[S019]

This is the opposite it was a tax cut for large businesses at the expense of middle class/upper middle class families in high tax areas such as NY, NJ, and CA.

Corporations were exempt from this bill

Most of these tax cuts went to business making around 200k-300k, that's not exactly a small business. Also businesses making over 500k saw a nearly 10% decrease in the tax rate

Question, did you read the bill? Cuz the brackets literally created cuts for a new bracket lower than $13k and rose taxes for those making $1M+. It was far from a conservative and big-business defending bill.

current rates:
210K-413K  34%
413K-441K  36%
441K+      40.6%


bill rates:

50k-500k : 25%
500k-1mil : 34%
1mil + :  39%

but sure this totally isn't a massive cut for business making between 400k and 1 million

[S019]

Do people actually think a 300k buisness is extremely rich?

doesn't fix the fact that business making 800k and 900k were also getting tax cuts

[S019]

This is the opposite it was a tax cut for large businesses at the expense of middle class/upper middle class families in high tax areas such as NY, NJ, and CA.

Corporations were exempt from this bill

Most of these tax cuts went to business making around 200k-300k, that's not exactly a small business. Also businesses making over 500k saw a nearly 10% decrease in the tax rate

Question, did you read the bill? Cuz the brackets literally created cuts for a new bracket lower than $13k and rose taxes for those making $1M+. It was far from a conservative and big-business defending bill.

current rates:
210K-413K  34%
413K-441K  36%
441K+      40.6%


bill rates:

50k-500k : 25%
500k-1mil : 34%
1mil + :  39%

but sure this totally isn't a massive cut for business making between 400k and 1 million

For business  making over 500k it’s not that large of a tax cut at all

6% is surely a decent tax cut, only business making over $1 million did not get a sizable tax cut

[S019]

https://talkelections.org/FORUM/index.php?topic=372332.50

This is an utter disgrace and they deserve to be voted out for this

Who could have guessed Labor would vote against a bill that implemented right-wing tax cuts. And for better or worse, this is exactly the position that Labor's voters would support.

Obama supported making the highest corporate rate 28%
https://www.nytimes.com/2012/02/22/business/economy/obama-offers-to-cut-corporate-tax-rate-to-28.html
My bill didn’t cut taxes for corporations

This isn't Barack Obama, this is the Atlasian Labor party and the associated online left.

Also such policy probably isn't popular among Democrats, but Obama needed to do something to get policy through the Republican House, also a massive tax cut for big business is just a bad idea, no matter who proposes it. As I said earlier that's a political maneuver by Obama, not explicit support of a policy.