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Originally posted by Did you just call me Coltrane?
Decreasing corporate taxes.
This is what I thought the Repubs were going to do all along until they decided to blow the uber rich. I wanted this to happen a long time ago. Someone explain to me the costs/benefits of this decrease and if it's a good or bad thing in the long run. Having limited knowledge of its supposed effects, I have to say that I am all for it and that my mind will not be changed.
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Corporate taxes are a gigantic fiction. Corporations don't pay the tax, consumers or stockholders do, but it's hidden, which is why it's palatable. It adds the inefficiency of corporations taking steps to reduce taxes, rather than operate efficiently, which would maximize real shareholder wealth and consumer value, which could then be taxed at the appropriate level. Not to mention that its elimination would also eliminate tons of tax/accounting scandals/fraud that goes on. Of course, all high-fallutin tax lawyers would have to scramble to make up for the lost value of their tax shelters.
