>>Fighting two wars costing over a $trillion while cutting taxes by trillions.

Re tax cuts: I used to think it is wrong to tax dividends at a lower rate than general taxation, since dividend earning is concentrated in the 1%.

However, US Corporations pay tax on profits before they are distributed, and then tax is paid again on the dividends. In other jurisdictions, corporate tax is imputed against tax on distributions. So if (for example) the company paid a 30% tax rate, that 30% tax is regarded as already paid and gets imputed against the recipient's tax burden. So if the dividend goes to another company whose tax rate is 30%, no additional tax is owed. If to an individual whose tax rate is (say) 36%, they'd pay only the residual 6% tax after 30% is imputed. If to somebody whose tax rate is 24%, they might even enjoy a tax refund.

Reducing tax on US dividends probably wasn't a PC move when corporate executives were also trashing manufacturing workers for short-term dividend gain, but by world experience an additional 15% dividend tax is quite steep. Especially when a US LLC can pass earnings to shareholders without tax deductions. JMHO. Of more interest is the tax on all international earnings if you're a US citizen and treatment of foreign corporates earning $ in the US. For US Corporates to move operations to Ireland or elsewhere to avoid taxation is a loophole that should be closed- it makes no difference to operation, only to US taxation receipts.