Rep Paul Ryan (R-WI), Speaker John Boehner (R-OH), and any other bandwagon Republican want to cut corporate taxes in order to stimulate investment. Why not? Profits go up, thus companies can invest more. News Flash: Hey … Trickle Down does not Work!
Hope about a few reality checkpoints on the matter.
Profits go up, and the shareholders are happier. Corporations are first accountable to their shareholders. Yep, the shareholders get preferential treatment over the community, over the state, and over the country. You see, capitalism is not patriotic.
Profits go up, and the executives get more (thus cutting into investment). As if people in these positions don’t already get enough. Then again, more means more.
Cash reserves increase, which then allows one company to purchase another – thus a loss of jobs.
Let’s say the company is willing to invest, thus increase employment. What is the guarantee that they do so within US borders? For those in the GOP who down know, the answer is, There is no guarantee!
Bottom line: You want to stimulate companies to invest in America, don’t give them a tax break to do something – give them a tax credit for doing something.