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Many liberals argue that big U.S. companies don't really pay the top corporate rate. While this is sometimes true, it's mainly because, during recessions, companies lose money, and get a tax loss carryforward that temporarily reduces their effective rate. But during economic expansions, when profits rise, companies then do pay the top rate.
Lawrence Kudlow
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"Many liberals argue that big U.S. companies don't really pay the top corporate rate. While this is sometimes true, it's mainly because, during recessions, companies lose money, and get a tax loss carryforward that temporarily reduces their effective rate. But during economic expansions, when profits rise, companies then do pay the top rate."
— Lawrence Kudlow #moneywealth

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Many liberals argue that big U.S. companies don't really pay the top corporate rate. While thi…

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Many liberals argue that big U.S. companies don't really pay the top corporate rate. While this is sometimes true, it's mainly because, during recessions, companies lose money, and get a tax loss carryforward that temporarily reduces their effective rate. But during economic expansions, when profits rise, companies then do pay the top rate. — Lawrence Kudlow

About Lawrence Kudlow

Lawrence Kudlow was a Journalist from United States (1947–present).

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Frequently Asked Questions

Who said "Many liberals argue that big U.S. companies don't really pay the top corporate…"?
This quote is attributed to Lawrence Kudlow, a Journalist from United States.
When did Lawrence Kudlow live?
Lawrence Kudlow lived from 1947 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.