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Originally Posted by dalakhani
In a perfect world, free of human nature, lowering corporate taxes COULD have a positive effect on the overall economy and everyone in it. I dont think anyone with a brain would deny that. The problem is human nature...namely-greed.
The main problem in our economy is the deficit. i dont see how you can attack the deficit while lowering taxes. It wasnt done during Reagan or either Bush. Now if all the corporations passed those tax breaks on to their employees in the way of benefits and increased wages, then yes trickle down would work. But that isnt the case. Do you need the numbers to prove it?
Theory and practicality are often two very different things. |
and i've said the same thing more than once, that i don't like either candidates plan as both suggest a tax break to individuals, while both have the deficit increasing under their plans. the deficit will hinder this nation, as other countries will really be questioning our ability to ever get out of debt.
but i also think now is the wrong time to raise the corporate tax rate, which is what i was trying to get across from the beginning. in good times, you raise it, but certainly not in bad times. reagan lowered the rate, clinton bumped it up one percent. it worked for both at the time. but these are different times now.