I love the politicians (not !) who claim that the way to dig out of our current economic crisis, is to cut the corporate tax-rates carte-blanche. Such a move would be great for Wall Street, but not main street. Cutting Corporate Tax Rates would surely increase the bottom line for corporations, and would accelerate the ascent of our stock markets, but would do little to nothing to stimulate jobs growth. Corporations would continue to sit on their stockpile of cash, and would continue to outsource jobs across our borders. The only thing that would change with decreased corporate tax rates, is that corporations would become infinitely more profitable. This does little for the average American, but of course, would be a boon for Wall Street.
What I have failed to hear from any of the Republican "candidates" or from our current administration, is to provide Corporate tax rate cuts for companies that ONLY create jobs in-house; i.e., create jobs domestically. This seems like a no-brainer win-win scenario - create jobs in the U.S., which will have a direct impact on consumer spending (and direct impact on our economy and needed revenue generation), and will benefit the corporations, tax-wise, that create these jobs.
Why on earth should we consider lowering tax rates for corporations carte-blanche, without asking for something in return that will benefit our economy ? Could it be that our politicians ONLY work for Wall Street, and could care less about Main Street ?
What I have failed to hear from any of the Republican "candidates" or from our current administration, is to provide Corporate tax rate cuts for companies that ONLY create jobs in-house; i.e., create jobs domestically. This seems like a no-brainer win-win scenario - create jobs in the U.S., which will have a direct impact on consumer spending (and direct impact on our economy and needed revenue generation), and will benefit the corporations, tax-wise, that create these jobs.
Why on earth should we consider lowering tax rates for corporations carte-blanche, without asking for something in return that will benefit our economy ? Could it be that our politicians ONLY work for Wall Street, and could care less about Main Street ?
