No, but corporate tax cuts supposed to help them make mass profits so they can create jobs, jobs for the average worker who could then pay taxes so schools could stay open, hire teachers, etc.
Again, last reports corporations are making better profits than when the economy was booming, but laying off, moving jobs overseas, cutting benefits.
tater, you're smart enough to understand the great GOP trickle down plan. Even Pauls big plan cuts 3 trillion is social spending, but 4 trillion in tax breaks for the rich...That's a trillion dollars less in the pot, not savings. Now, if you think they'll create jobs and trickle down all those savings....right, so far they get richer, poor get poorer.
If corporations are making the most profits ever, but not creating jobs, do you really think giving them more tax cuts will help. It's not even about taxes, they'll gladly pay them, they prefer less regulation and loopholes. Hides their evil from the average dumb american GOP member..
"Between 2000 and 2005, U.S. corporate taxes amounted to 2.2% of the GDP. The average for the 30 mostly rich member countries of the Organization for Economic Cooperation and Development was 3.4%".
Big U.S. companies have become experts at hiding profits in tax havens overseas and many of the smaller ones simply pass through their income to owners who then report it on their personal returns.
If so much corporate income hadn't moved to the personal tax rolls over the last 20 years, U.S. corporate taxes would account for 3.2% of the GDP, still a bit below the industrial average.
Fact is US corporations pay less taxes. We've lowered tax rates for them over 20 years and passed every law in their favor for loopholes and shelters. All it's done the last 20 years is create a two class system, destroying a once thriving middle class.
Sorry, a few percent rich people in costly cities doesn't equate to a middle class, a few builders, yardkeepers, maids, etc...at a low wage comparison in a few rich cities....is that economic growth to you...