The Republican’s tax reform bill entered the markup process in the House Ways and Means Committee yesterday. Given that passage of this bill would lead to the largest change in the tax code since 1986, this is a BFD.
With every tax reform discussion, the talking points write themselves. The Left cries about a tax cut for the rich, while conservatives support the idea that more money in the hands of job creators leads to…more jobs.
This attempt is no different. The current proposal to lower the corporate tax rate from 35% (The highest in the developed world! Higher than France!) to 20% is significant, and has ignited the aforementioned class warfare discussion.
(FUN FACT: Nancy Pelosi and Chuck Schumer were all too happy to champion a cut in the corporate tax rate a few short years ago.)
So, how can you fight false rhetoric when advocating for corporate tax reform?
Don’t let the other side define the premise. They will always use words and phrases like: “big business,” “corporation,” and “the rich,” even if the majority of people who stand to benefit from the tax cut don’t fall into these categories. For those of us who own small businesses and know how to operate a calculator (like DMG!), we know that the “corporate” and/or “big business” labels don’t define us.
Words matter, so make sure you talk about “small businesses,” “start-ups,” or “family-owned companies” to paint an accurate picture of who will benefit from this tax cut.