Clinton Administration's Proposal To Increase Taxes For Multinational Corporations


Clinton Administration's Proposal to Increase Taxes for Multinational
My topic is the increase if the taxes which Clinton Administration is
planning. This increase in taxes will target "multinational Corporations, end
the favored tax treatment of extra long term bonds", It will also raise capital
gains taxes by “changing the rules for computing the cost basis of securities
when they are sold at a profit”. What this will do is increase the taxes for the
rich and will decrease the difference between the rich and the poor. The plan is
intent on cutting the middle class tax and finance higher education (yeah right).
The current tax law decreases the Federal Treasury Revenue and makes the ...

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people and with and increase in their cost (tax is a type of cost)
they would be forced to decrease the average amount of wages which the their
employees received. This may take the form of decreased raises, or the laying
off of some people. This would thus decrease aggregate demand for goods
Nationally (as Multinationals would employ people in the US). It would also
cause the companies to produce their goods in other countries and thus decrease
the amount of people employed in the US. It would help the economy of other
countries as those multinationals would move there. Thus the supply of goods
demanded in the US would decrease. This decrease in economic activity (due to
the reduction of the money supply and the wages of the people) would cause the
economy to slow down and may plunge the country further into recession. These
companies may also provide goods for the US and would thus decrement the supply
of goods in America.
The multinationals produce goods in the US to export ...

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Clinton Administration's Proposal To Increase Taxes For Multinational Corporations. (2004, August 13). Retrieved August 17, 2018, from http://www.essayworld.com/essays/Clinton-Administrations-Proposal-Increase-Taxes-Multinational/12576
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"Clinton Administration's Proposal To Increase Taxes For Multinational Corporations." Essayworld.com. August 13, 2004. Accessed August 17, 2018. http://www.essayworld.com/essays/Clinton-Administrations-Proposal-Increase-Taxes-Multinational/12576.
"Clinton Administration's Proposal To Increase Taxes For Multinational Corporations." Essayworld.com. August 13, 2004. Accessed August 17, 2018. http://www.essayworld.com/essays/Clinton-Administrations-Proposal-Increase-Taxes-Multinational/12576.
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PAPER DETAILS
Added: 8/13/2004 12:44:21 AM
Category: Economics
Type: Free Paper
Words: 602
Pages: 3

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