Elizabeth Warren’s Taxes Still Aren’t Enough to Fund the Left’s Spending Spree
From Independent Women’s Forum:
Growing public companies may decide to cap their own growth and keep profits at or under the $100 million mark or, as Eli Lehrer at the R Street Institute surmises, they may purposefully break themselves up into smaller companies:
“The tax would also create an incentive for large, profitable companies to break themselves up into as many units as possible, thereby increasing opacity and, in turn, opportunities for corruption. All large companies consist of a profusion of legal entities reporting their results separately. Under Warren’s proposal, keeping each unit’s profits under $100 million would save a company huge amounts of money.”
