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Senator Mitt Romney

@SenatorRomney ↗

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Last Checked Aug. 10, 2021

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Fri May 07 12:53:19 +0000 2021

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Senator Mitt Romney @SenatorRomney

POTUS’ claim that “corporations aren’t paying their fair share” is beneath him. If a company earns a profit, it only goes 3 places: taxes, growing the company, &/or shareholders. $ to shareholders is ALSO taxed, taxing the profit TWICE. The “share” going to taxes includes both. — PolitiTweet.org

The Hill @thehill

.@POTUS: “I’m sick and tired of corporate America not paying their fair share.” https://t.co/mFzZpF0qEb

Posted May 7, 2021

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Senator Mitt Romney @SenatorRomney

The US must get its fiscal house in order. We can’t just keep adding onto the national debt—we’re paying $500 billion/year in interest alone! My TRUST Act creates a process to rescue federal trust funds from looming insolvency, expedited by the pandemic. https://t.co/vpauIJhYgP — PolitiTweet.org

Posted May 5, 2021

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Senator Mitt Romney @SenatorRomney

Example: If you own a company that has a $100 profit & the corporate tax is 20%, the tax is $20. If it gives you a dividend for the $80 remaining & the individual income tax rate is 40%, you pay $32 income tax. The company’s profit yielded $52 in taxes to government: 52% not 20%. — PolitiTweet.org

Posted May 7, 2021