Join me on March 15th & March 16th, 2021 for Tax Information Workshops. Representatives from the Taxpayer Advocate Service and Internal Revenue Service will explain the new laws and regulations related to the COVID-19 virus and 2020 taxes.
Register here: https://t.co/oAeFPPk2i3 https://t.co/y4bcvMjk99
Republicans are against hypertaxation on any class or industry. They want to ensure past abuses against businesses, individuals, non-profits, and others are never repeated by the tax system. In regards to overseas businesses, they advocate for a territory based taxation- which will tax money made and stored abroad by American businesses and organizations. source
Democrats want to end tax breaks for large businesses and add tax penalties for companies that send their businesses, production, and funding overseas. They focus on increasing tax breaks to the lower- and middle-income families in order to lighten the cost of living burdens. source