The two opposing views go like this:
1. taxing big corporations will alow us to make more money, and at the same time reduce taxes that the middle class and poor pay.
2. Companies will simply leave the U.S. and we will actually lose revenue forcing us to tax the middle and lower classes even more than before, while raising the unemployment rate and forcing some employees to take pay cuts, and effect the quality of the product or service sold by these companies.
2 makes sense to me, but one is also possible, does anybody know if there is any actual proof either way?
Should we raise the taxes on coroprations, or keep them low to keep companies in America?
What does your Preferred presidential candidate support?
Does anybody know if any research done that shows if taxing Big Business will help or hurt the country?annual credit report
News Flash:
Big Business doesn%26#039;t pay taxes, it simply passes them along to the consumer. So, raising taxes on companies simply means raising prices for consumers. The tax burden is shifted back to the people. When the taxes on a pack of cigarettes is raised $1, the prices goes up $1. When gasoline taxes are raised, the price of a gallon of gas goes up.
There ain%26#039;t no such thing as a free lunch, as the saying goes.
Edit: Thumbs down for stating the obvious? Heh.
Does anybody know if any research done that shows if taxing Big Business will help or hurt the country?
loan
Corporate welfare hurts our country.|||When you pound big companies with Taxes they have no choice but to lay off people.Which starts the trickle down syndrome. The Economy was doing just fine until the Democrats got control of congress. They Record high tax increases once again is killing the economy and they are still going! If the Democrats keep voting in new Taxes at the pace they are doing now .It will take another 6 months before we are in a full blown recession Which is why McCain will win .Becuse if a democrat gets in where Fuc*d|||I think it may make American businesses less competitive in the global marketplace.|||Congress just raised taxes on Oil companies in February, voting to take away incentives and tax breaks.
Look where gasoline and oil prices are now! About 20 cents or more higher per gallon across the country.
What effect has that had on your household?|||OK the problem with that is, if you tax corporations, they will cut expenses,low level employees, to make sure they will still get their profit ,is that wrong, no due to if i own a business the point is to make money, if you do something to take it away , i do what i need to to get it back , so by taxing them your hurting the working class|||Big coporations are not the evil exploiters of the proletariat!
They employ big numbers of people and provide those people with a way to make a living.
Big corporations are also not owned by scrooge type tycoons either. They are owned by people like me and you.
If you have a retirement fund you are one of the owners. Retirement funds by stocks of major corporations. The mutual funds owned by most Americans as part of their 401 hold stocks from thos corporations. Who owns the big bad oil companies that are making huge profits?...you and me!|||Three things drive businesses out of their home towns, out of the industrialized states, and out of the country.
#1. High taxes (federal, state, and local).
#2. Highly restrictive government regulations (federal and state OSHA, EPA, MSA, and other safety, environmental, and zoning regulations.
#3. Militant unionism.
We have almost no foundries, our steel mills are dead or dying, our auto plants are failing, we haven%26#039;t built a new oil refinery in over 30 years and have no plans to do so, and you had just as well forget about any new coal-fired or nuclear power plants, or plants for conversion of coal to motor fuel. All we%26#039;re interested in is free handouits, not work.
Better start doing something about it. Call or write your Congressman and Senators. Otherwise, last person out of America, please turn out the lights.|||Here%26#039;s a clue bush%26#039;s tax cuts have done nothing for the economy. corporations are moving to mexico or overseas anyway. I say tax them to death on imports or keep the company%26#039;s here.
Next clue never listen the rich mans economics nothing but lies. If you want to learn economics you will have to study them yourself however harvard and all those other places only teach the rich mans economics. so if you want to get screwed hire someone who buts thier education instead of learning it.
Thier are so many variables in economics that are missing from the equation that none of them will ever be acurate.
hey beaubike you get the dumbest answer award. dems havent raised any taxes yet in 2 years since they gained a slim majority. the retardican congress and pres has made this mess.
craig - apology accepted. I%26#039;m used to getting thumbs down when i post the truth.|||The individuals and companies who make lots of money should pay more than those who make less money. That%26#039;s why we don%26#039;t and never should have a flat tax.
I%26#039;m not too keen on Bush%26#039;s tax cuts for the wealthy either.
EDIT: Sorry Bud W I meant to give you a thumbs up.
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