Corporate Appeasment.

[LawSchoolLiberal]

So I'm watching Faux News Sunday (I know, I know. I'm a masochist.). That asshat Senator Kyl is claiming that cutting the 25% corporate rate will cut corporate costs SO MUCH, that they'll keep jobs here.

That's right Senator, they're not leaving because they don't want to pay workers' living wages. It's ALL the nasty federal government, treading on those poor little corporations. :cry: :sarcasm:

These guys are trying to APPEASE the corporations, exclusively serving corporate interests, whether or not those corporations are acting in the interests of working Americans, and they need to be called on it: Republicans. Corporate Appeasers.

[elizfeelinggreat]

1. What a blast from the past ...

how's that been working out for them so far?

We all know that large corporations do not even pay anything close to the rate they're supposed to, the rate these guys throw around as if it's real. Many (most?) of our corporations pay NO federal income taxes as it is.

There's a whole industry feeding off of helping those corporations avoid paying taxes! They won't be happy until we're paying them to bleed us dry, oh wait, we're already doing that aren't we?

http://www.cbpp.org/1-15-08tax.htm

Pseudo-Stimulus Tax Cut #1: A Cut in the Corporate Income Tax Rate

In the past, discussion of using business tax cuts as stimulus has centered mostly on proposals for accelerated depreciation and investment tax credits. These policies have a decidedly mixed track record,<9> but they at least aim at the right goal: boosting business investment in the short run. In contrast, a corporate rate cut would have little or no effect — or even a negative effect — on business investment and production in the near term.

The problem is that, in the short run, a corporate rate cut goes almost entirely toward rewarding investment and other production decisions that have already been made; it does not benefit new investments, which take time to put into operation and to begin realizing returns. In fact, a temporary corporate rate cut might actually discourage new investment and production while it was in effect, since it would reduce the value of the deductions that companies claim when they invest, pay wages, or make other purchases. For example, a $1,000 deduction is worth $350 at the current 35 percent corporate tax rate. (A firm’s taxes are reduced by $350 — 35% x $1,000 — for each $1,000 deduction the firm takes.) But the same deduction would be worth only $300 at a 30 percent corporate tax rate. Thus, businesses would have some incentive to delay investments and other purchases that result in deductions until the corporate rate reverted to 35 percent.

[KharmaTrain]

2. Appease? How About Capitulate WIth Knee-Pads Already On....

This regime and the GOOP have long sold out the American people to cater to their big money corporate masters. They didn't just turn the security of this country over to the contractors, but gave them the economic eqivelent of Western Europe...not just the Sudetenland (too bad Tweety didn't ask Kevin James to define that one).