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Sharon Hansen on Corporations

 


Lower corporate tax rates prevent companies going overseas

Sen. Dick Durbin says the middle class needs help. He supports stopping major corporations from reincorporating overseas to reduce their taxes.

Republican Jim Oberweis has accused Sen. Durbin of "bullying" the corporations that consider moving their headquarters overseas for tax purposes. He chides Durbin for not preventing the exodus with a rewrite of the tax code. Oberweis believes lower taxes and fewer federal regulations would help improve workers' fortunes.

Libertarian Sharon Hansen said the IRS should be abolished and current tax provisions replaced with a flat sales tax, though she did not specify the rate. Hansen is aligned more closely with Oberweis on inversions, saying: "We need to lower their taxes so they don't want to go someplace else."

Source: Chicago Tribune on 2014 Illinois Senate debate , Oct 13, 2014

Other candidates on Corporations: Sharon Hansen on other issues:
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Page last updated: Jan 08, 2015