The argument WAS eliminate the Corporate tax AND income taxes.
Now it's eliminate the Corporate tax and reduce income taxes.
Well, they have a better chance at revenue neutrality this way but here's the kicker.
In my feeble mind you can reduce corporate taxes to ZERO but if there's NO DEMAND for the products your company makes there'll be no expansion of production - meaning NO JOBS CREATED.
This may entice a company to move here but again - if there's no demand for product THAT won't happen either.
We are a spending based economy - and the spending can be cash or credit, corporations don't care - so long as you buy their product and they get their money.
So think about that for a moment.........are they eliminating the wrong tax?
This is different
The argument WAS eliminate the Corporate tax AND income taxes.
Now it's eliminate the Corporate tax and reduce income taxes.
Well, they have a better chance at revenue neutrality this way but here's the kicker.
In my feeble mind you can reduce corporate taxes to ZERO but if there's NO DEMAND for the products your company makes there'll be no expansion of production - meaning NO JOBS CREATED.
This may entice a company to move here but again - if there's no demand for product THAT won't happen either.
We are a spending based economy - and the spending can be cash or credit, corporations don't care - so long as you buy their product and they get their money.
So think about that for a moment.........are they eliminating the wrong tax?
Vog