Richard Phillips Profile picture
I love taxes. Senior Tax Analyst for @SenateBudget. Former @iteptweets. The smart things I tweet are attributable to my employer, the stupid things aren't.
Oct 14, 2019 13 tweets 4 min read
As part of his broader platform on Corporate Accountability and Democracy, @BernieSanders proposed a bold and comprehensive reform of the corporate tax system today. This thread will cover the highlights. berniesanders.com/issues/corpora… The core insight of the Sanders corporate tax plan is that it would not only raise the corporate tax rate back to 35%, but actually require companies to pay that rate by eliminating tax breaks and loopholes in the code.
Mar 11, 2019 12 tweets 2 min read
The FY2020 President's Budget is out today. A few high/lowlights on tax issues. First, it's worth noting that in an unusual move, we did not get the supporting budget documents, so many of the details will not be out for another week.