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What's the argument against cutting corporate taxes?

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Onlooker Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-05-06 01:39 PM
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What's the argument against cutting corporate taxes?
Those who favor cutting corporate taxes say that the more capital a corporation has, the more it can invest, even if some of the extra money went to bonuses and the like. They point to places like Ireland that have very low corporate taxes and have seen very good growth. While there are social arguments against cutting corporate taxes (as well as capital gains), is there an economic argument?
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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-05-06 01:43 PM
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1. Corporate accounting's joy is it can make all living expenses a deduction
Edited on Mon Jun-05-06 01:44 PM by papau
no one else can deduct living expenses.

Plus use of off shore transfer pricing allows all profits of the rich to be deemed outside the jurisdiction of the taxing authorities.

If we allow corporations to be "persons" in all other ways, why should they not pay an income tax- with the audits that go along with that?
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Mountainman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-05-06 01:52 PM
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2. The less they pay the more you pay.
All arguments against corporate taxes are a ruse to get you to go along with them. Why should your taxes go up? Why don't they give middle and lower incomes a tax cut. That money would immediately go back into the economy much faster than corporate tax cuts.
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LaPera Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jun-05-06 02:15 PM
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3. Tax cuts go directly to the CEO & stockholders, to buy a bigger Yacht...
Edited on Mon Jun-05-06 02:26 PM by LaPera
faster private jet, another mansion somewhere in the world and let's not forget those 5 star vacations---and money for lobbyist to change corporate restrictions & regulations (are there any regulations left these days)and money for the lying, greedy, backstabbing politicans...But, it always the same tune...fuck the workers - we pay the taxes, we pay the higher prices, we pay to clean up corporate pollution of our land, we supply the army to fight for corporate interest & profits, we get the union-busting and lower wages, we get no health care, we get rigged and stolen elections... and we get corporations telling us if they just give more taxe cuts to them...life will improve for the workers too....How many decades of this bullshit do we have to go through to see the obvious answer to a question like this one?
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