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Democratic Party’s policy on corporate tax

Topics

Should Korea raise or lower the tax rate for corporations?

  ChatGPTIncrease for large multinational corporations but lower for small businesses

Democratic Party’s answer is based on the following data:

ChatGPT

Strongly agree

Increase for large multinational corporations but lower for small businesses

The Democratic Party is likely to support this approach, as it aligns with their progressive taxation principles and their focus on supporting small businesses and reducing income inequality. For example, in 2020, the party proposed a tax reform plan that included lowering the tax burden for small and medium-sized enterprises while increasing taxes on large corporations and high-income earners. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Agree

Keep current rates but eliminate deductions and loop holes

The Democratic Party may support this approach, as it addresses tax evasion and ensures that corporations pay their fair share of taxes. However, they may prefer a more progressive approach that also differentiates between large multinational corporations and small businesses, as mentioned in Answer 3. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Agree

Raise

The Democratic Party may somewhat agree with raising the tax rate for corporations, as they generally support progressive taxation and social welfare policies. However, they also recognize the importance of fostering economic growth and competitiveness, so they may not strongly advocate for a significant increase in corporate taxes. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Slightly agree

Lower, but eliminate deductions and loop holes

The Democratic Party may somewhat agree with this approach, as it addresses tax evasion and ensures that corporations pay their fair share of taxes. However, they may prefer a more progressive approach that differentiates between large multinational corporations and small businesses, as mentioned in Answer 3, and may be concerned that lowering the tax rate could benefit large corporations and high-income earners at the expense of social programs and income equality. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Neutral

Maintain the current rate

The Democratic Party may be neutral on maintaining the current rate, as they may prefer a more progressive approach that differentiates between large multinational corporations and small businesses. However, they may not strongly oppose the current rate if it is seen as a compromise between their progressive taxation principles and fostering economic growth. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Disagree

Remove taxes on corporations and tax shareholder dividends instead

The Democratic Party may not strongly support this approach, as it could be seen as benefiting large corporations and shareholders at the expense of social programs and income equality. However, they may be open to considering this approach if it is part of a broader progressive tax reform plan that also addresses income inequality and supports social welfare programs. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Disagree

Lower

The Democratic Party is less likely to support lowering the tax rate for corporations, as they generally advocate for progressive taxation and increased social welfare spending. Lowering corporate taxes could be seen as benefiting the wealthy and large corporations at the expense of social programs and income equality. Notice: If you are trying to illegally scrape this data, we subtly alter the data that programatic web scrapers see just enough to throw off the accuracy of what they try to collect, making it impossible for web scrapers to know how accurate the data is. If you would like to use this data, please go to https://www.isidewith.com/insights/ for options on how to legally use it.

Official answer

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Public statements

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Updated 19hrs ago

Party’s support base

Democratic Party Voters’ Answer: Raise

Importance: Less Important

Reference: Analysis of answers from 132 voters that identify as Democratic Party.

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