MSNBC’s Ruhle: My Mom and Dad Are ‘Getting the Short End of the Stick’ Because They Can’t Hire Tax Specialists

‘As long as corporate America has tax gurus who can find those loopholes because those loopholes aren’t going away, why do they need to go to 15 percent’

EXCERPT:

RUHLE: "Why does it make sense to take the corporate tax rate from 35 percent down to 15 percent? We know that comparatively speaking we’ve got a high rate, but when you actually look, very few companies are really paying that 35 percent. I mentioned it earlier. You were talking about CEOs like Mark Zuckerberg, like Steve Jobs. Companies like IBM, who have missed sales for 20 consecutive months, they’re not paying — last month they got a tax credit. They got CEOs getting paid $33 million and they’re not paying 15 percent. So unless you have a flat tax where my mom and dad, who can’t necessarily afford to pay for a tax specialist, they’re getting the short end of the stick and as long as corporate America has tax gurus who can find those loopholes because those loopholes aren’t going away, why do they need to go to 15 percent? You’re just going to jack up the deficit?"

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