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Response to louis c (Original post)

Tue Oct 17, 2017, 02:56 PM

7. Corporate tax cuts do little for most economies.

Yes, there are times when a corporate tax cut might be good for the general economy to kickstart a sluggish business investment environment, but most times, if you give corporations a tax cut that is not directly the lessening of some sort of emergency tax that was imposed due to a disaster, they bank it.
Ask a corporation - "If the government just lowers your tax rate, will you hire more people?"
The answer is "Do I need to hire more people to improve production? If not, heck no."
And "If the government just lowers your tax rate, will you raise wages or improve benefits?"
The answer is "No. Wages and Benefits are between me and my employees. I pay what I need to pay to keep the 'good people' I already have."

Unless you link tax cuts or tax rates to employee wages and benefits, tax cuts are not going to help the average working Jane or Joe at all. Tax cuts also aren't going to help innovation unless they're tied to either capital improvement or R&D.
Tax cuts are just going to improve the revenue line for the shareholders and the executive bonus board.


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