RE: corporate tax cuts

Why don't you just nationalize the businesses and get it over with.

There is a 0% chance that corporations are going to use the tax cuts to raise pay or hire workers. That's simply not how business works. Wages are based on supply and demand of the people needed to do the job. That's why brain surgeons make more than call center operators.

Corporations have one job. Make as much net profit as possible. If you increase their net profit by lowering their taxes they aren't going to give that profit away to their workers, they are going to give it to their stockholders.

This corporate tax cut is not about jobs and wages, it is about donations and congressmen fulfilling promises made to donors.

Please show me a time in history where there was a increase in wages directly tied to a tax cut. It's never happened and never will.

quote:

---

Who are you to say what the “right thing” is for a corporation to do with its money?

---

d

Just how stupid are you? We have busineesmen saying "if corporate taxes were lower we could afford to reinvest in our businesses which would create more and higher paying jobs" because obviously if they said "we want lower corporate tax rates so we can shove more money in our bank accounts" people would riot and they would never get their lower rates.

So my question stands, would you stipulate that businesses would actually have to do what they have said they would do if corporate taxes were lowered?

I mean it seems like a no brainer here that the answer would be yes. Why introduce left/right into it.

Taxation is theft.

Should it be a one way street? The corporations are howling for tax relief......"reform the tax code" they say and then you'll see things go "boom" .

I think if you want me to give you something, you have to give me something in return....and I don't mean a donation to a political PAC or a bribe.

So......if you want me to cut your taxes and that is going to result in billions of dollars in windfall for your corporation or corporations, then you damn well better do something with that money that does improve economy other than puffing up your stock price or allowing executives to have larger bonuses(which I'm all for). But if you want something from me then I want something from you....it's the essence of a contract

quote:

---

I mean it seems like a no brainer here that the answer would be yes. Why introduce left/right into it.

---

Because everything is politicized.

The one thing I have learned over the years is that when it comes to capitalism, corporations are all for it.....until they become victims of it....see Chase, Morgan Stanley, Citi circa 2008

Do the Fair Tax
Wikipedia link about it

quote:

---

If you were a member of Congress would you insist that any corporate tax cuts would be contingent on each company proving that they are investing those savings in hiring more people/better wages?

---

You would need a staff of 2000+ just to try and keep straight who is in compliance and who is not. Even then you wouldn't know.

In your opinion, is it better for the US to be competitive with the world on corporate taxes? Do we want jobs in the US or overseas?