Quote:
|
Originally Posted by Aramike
T
Part One: Cut the corporate tax rate from around 35% to about 20%. This move would IMMEDIATELY add billions of dollars to the corporate coffers, allowing for job creation, innovation, modernization, etc.
|
Why do you think that cutting corporate taxes will result in anything other than the companies pocketing the "extra" money as profit.
It would be NICE if a company would take that tax cut and create jobs, but companies are not in the business of being nice, they are in the business of making the most profit they possibly can. What would prevent a company from just pocketing the tax break as instant no-effort profit?
Unless there is some sort of
guarantee that the tax savings would be used for job creation, I am afraid that any corporate tax cuts will only make the fat cats a bit more plump.
If we ever get to the point where corporations start really caring about something other than profit, this might work.