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house Bill H.R. 2486

Eliminating a Tax Deduction for Businesses That Pay Fines to the Government

Argument in favor

A corporation that is the subject of legal action by the government should deal with the full impact of the damages or settlement they are forced to pay. Eliminating the deduction protects taxpayers.

Mickb's Opinion
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07/01/2015
To me this like telling a kid dont hit your sister heres a treat go in time out. Punishment with a perk is not a real punishment
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6od's Opinion
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12/25/2015
I don't get to deduct parking tickets or traffic violations, so why should major corporations be able to deduct their mistakes and unlawful actions?
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Steven's Opinion
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05/06/2016
Personal accountability!! It's not either or you're responsible for both, live with it!
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Argument opposed

These deductions exist because businesses are already required to pay taxes in addition to the litigation expenses, and removing them could cause people to lose their jobs and businesses to close.

Scott's Opinion
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08/06/2015
Wait, a business or business owner commits a violation of federal guidelines, must pay a fine (as opposed to criminal penalties) and then get to deduct the fine from their taxes? Hahahahaha. What idiocy!
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nan's Opinion
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07/07/2015
It sounds as if 'damages' means a fine leveled upon the company. This company does not have a right to a tax break for paying a fine.
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David's Opinion
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07/22/2015
Permitting a deduction means UZ taxpayers share the burden of the damages and fines. NO!
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