Clinton Administrations Proposal To Increase Taxes For Multinational Co

My topic is the increase if the taskes which Clinton Administration isplanning. This increase in taxes will target multinational Corporations, endthe favored tax treatment of extra long term bonds, It will also raise capitalgains taxes by changing the rules for computing the cost basis of securitieswhen they are exchange at a profit. What this will do is increase the taxes for therich and will decrease the difference between the rich and the poor. The plan isintent on cutting the middle class tax and finance higher education (yeah right).The current tax law decreases the Federal Treasury Revenue and makes the economyless(prenominal) efficient or less competitive.The multinational tax would disallow multinationals to assume half oftheir goods are foreign even if they are made in the US. therefrom they could exportto a country with low taxes and thus pay less taxes. This change would bring anincrease of 7.9 Billion in corporate taxes over the abutting 5 years.This withdraws a lot o f money from the economy and may thus decreasedemand for goods, as people have less money to spend. The multinationals would utilize many 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 theiremployees received. This may select the form of decreased raises, or the layingoff of some people. This would thus decrease aggregate demand for goodsNationally (as Multinationals would employ people in th...