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Kill the Corporate Tax to Help Workers
National Review ^ | 01/13/2014 | Quin Hillyer

Posted on 01/13/2014 7:39:54 AM PST by SeekAndFind



TOPICS: Business/Economy; Culture/Society; Editorial; Government; News/Current Events
KEYWORDS: corporatetax; taxes

1 posted on 01/13/2014 7:39:54 AM PST by SeekAndFind
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To: SeekAndFind
Finally, McArdle and I both have argued that getting rid of the corporate income tax would have the happy effect of reforming how lobbyists function, because probably half of D.C. lobbying involves not appropriations or regulatory matters but the tax code.

Bump

2 posted on 01/13/2014 7:51:03 AM PST by VRW Conspirator ( 2+2 = V)
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To: SeekAndFind

I like the corporate tax (better than the income tax, at least) because the dumb libtards think the evil rich corporations pay it.

They dont realize that it is passed along as ‘cost of goods sold” right to the consumer- which is everyone even down to the honey boo boo crowd.


3 posted on 01/13/2014 8:02:29 AM PST by Mr. K (If you like your constitution, you can keep it...Period.)
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To: SeekAndFind

Corporations are legal persons. So that means they get the same rights and liabilities under the law as actual people do.

Now if you want to end the personal income tax I am in full support.


4 posted on 01/13/2014 8:50:13 AM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: redgolum
Corporations are legal persons. So that means they get the same rights and liabilities under the law as actual people do.

How that was decided is a demonstration of just how far this country had fallen by the end of the Civil War.

5 posted on 01/13/2014 9:29:56 AM PST by Carry_Okie (0-Care IS Medicaid; they'll pull a sheet over your head and take your home to pay for it.)
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To: redgolum

There’s a difference between most people and the big corporations. They can afford lobbyists and buy their loopholes. Same with the rich affording tax attorneys that can exploit portions of the tax code. By abolishing corporate taxes, a lot of money would start flowing into this country as companies relocated corporate headquarters. Much of that would go into the people’s pockets instead of the government.

Only bureaucrats and parasites want more government.


6 posted on 01/13/2014 10:31:27 AM PST by meatloaf (Impeach Obama. That's my New Year's resolution.)
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To: SeekAndFind

National Review has become a big joke


7 posted on 01/13/2014 10:38:13 AM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: GeronL

RE: National Review has become a big joke

So, what do you propose for the corporate tax if this National Review article is a joke?

Surely you’re not for it to be kept the way it is... we have the HIGHEST corporate tax in the world at 35% ( Japan used to exceed ours but they’re planning to lower it ).

Canada’s corporate tax is less than half of ours, a median of 14% of domestic companies and just 21% for multinationals.

The Swiss rate is 21%, with median effective tax rates for domestics at 17% and 19% for Multinationals.

For a welfare state like Sweden, corporate income taxes in are lower than in the US at 28%. The effective tax rate for domestic companies is just 10%; 18% for multinationals (half of the USA).

China’s effective corporate tax for multinationals is 22%.

For Germany, the median effective tax rate is 16% for the locals and 24% for the Multinationals.


8 posted on 01/13/2014 11:08:03 AM PST by SeekAndFind
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To: meatloaf

Abolishing corporate taxes would not make corporations come back. It might help, but there are a lot of other regulations that make it much safer to have the HQ somewhere else.


9 posted on 01/13/2014 11:10:51 AM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: SeekAndFind

I don’t disagree with abolishing the corporate tax, but the NRO thinks this is the thing to run on? Seriously? I think they need to rub their tire necklaces and pray to St Mandela on that one.

If that is the end-all of their ideas, they are lost in space.


10 posted on 01/13/2014 11:14:44 AM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: SeekAndFind

Where’s the “bring back American Jobs” guy when you need him? Eliminating the corporate tax would be the best economic thing we could do to get this country working again.


11 posted on 01/13/2014 11:24:46 AM PST by Partisan Gunslinger
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To: Partisan Gunslinger

RE: Where’s the “bring back American Jobs” guy when you need him?

Don’t worry, he’ll be back.

His best solution is to increase tariffs on countries like China.


12 posted on 01/13/2014 11:27:31 AM PST by SeekAndFind
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To: redgolum

RE: Abolishing corporate taxes would not make corporations come back. It might help, but there are a lot of other regulations that make it much safer to have the HQ somewhere else.

Abolishing corporate taxes is NOT THE ONLY thing. We need REASONABLE REGULATIONS, a curb on labor unions ( especially unsustainable pensions ), and of course — THE REPEAL OF OBAMACARE.


13 posted on 01/13/2014 11:29:41 AM PST by SeekAndFind
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To: SeekAndFind
His best solution is to increase tariffs on countries like China.

Yeah, that's why he's not on this thread. lol

14 posted on 01/13/2014 11:34:01 AM PST by Partisan Gunslinger
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To: SeekAndFind
Agreed. Also, the NSA thing has not helped at all. There are companies that are moving to non US IT systems because of concerns of spying.

As one told me, “What happens when they decide to sell my information to my competitor?”

15 posted on 01/13/2014 11:46:28 AM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: redgolum

You have to start someplace to roll back government. That’s one that would get a lot of support from business. After all, the business of America is business according to Coolidge.


16 posted on 01/13/2014 11:47:56 AM PST by meatloaf (Impeach Obama. That's my New Year's resolution.)
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To: meatloaf
Oh I agree. But there is more to this.

And this is not going to win elections right now. Unless it is spun as “We are reducing taxes on all persons” and having the language include corporations.

My fear is that we as a nation are so socialist that soon you will see out and out nationalization of industries. Not just the crony capitalism we see now in some.

17 posted on 01/13/2014 1:22:03 PM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: redgolum

I agree about the impact on winning elections. It would be seen as a sell out rather than an enormous boost to the economy and the huge advantage it would provide to businesses in global trade. Both would generate jobs and possibly slow inflation.

This is an issue that needs to be done early after the election of the next non-Democrat president.


18 posted on 01/13/2014 1:29:33 PM PST by meatloaf (Impeach Obama. That's my New Year's resolution.)
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To: SeekAndFind
" It’s been a long time since the typical American worker received a raise in her real pay. In fact, average weekly earnings, exclusive of fringe benefits but adjusted for inflation, are 10 percent lower today than they were in 1966. "

Author should get real. This wasn't caused by Corporate tax and it won't be solved by no corporate tax. Some corporations pay no income tax but they still laid off Americans and hired in other lands.

When people are supported by business, they vote Republican. When they aren't, they vote for government support and for Democrats.

19 posted on 01/13/2014 1:50:05 PM PST by ex-snook (God is Love)
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To: SeekAndFind
Complete elimination of the corporate income tax is brilliant economic policy, but very poor political policy.

An enormous educational effort will be needed first, for voters AND politicians, and it must be spread across at least 4 years.

If the GOP just suddenly begins to campaign on this idea, it will almost certainly have a destructive political impact, or, at best, no impact at all.

Reminds me of our former “Conservative” president GWBush.

After winning the 2004 election, he impulsively wandered around the country for 3 weeks proposing that Social Security be partially privatized.

Good idea?

Sure - but there was no planning, no preparation, no political strategy, and no follow through.

Perhaps he just did that to mollify Conservatives?

A few months later he was trying to shove the McCain-Bush Amnesty down our throats, followed by the Harriet Miers nomination, a mediocre center-left lawyer he wanted on the Supreme Court.

I'm wondering if this corporate tax idea is just something Boehner and McConnell dreamed up to pacify economic Conservatives before our leadership tries to shove Amnesty and ObamaCare down our throats?

20 posted on 01/13/2014 1:56:26 PM PST by zeestephen
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To: ex-snook
Author should get real. This wasn't caused by Corporate tax and it won't be solved by no corporate tax. Some corporations pay no income tax but they still laid off Americans and hired in other lands.

When people are supported by business, they vote Republican. When they aren't, they vote for government support and for Democrats.

The cost incurred by corporations to "pay no income tax" is more than substantial, as is the cost of compliance by those corporations who do pay income tax. All those wasted gazillions would be better spent in production, R&D, distribution, expansion, etc., etc., (all of which translates to more jobs).

There will never be a better time to engage American people on the topic of anti-American, anti-business policies than right now, when the work force participation rate for most categories of workers is at record lows; worse than the Great Depression for most.

And it is only going to get worse until massive changes are implemented.

And bringing about any or many of those massive changes is going to require an all-out campaign against socialism and the damage it has caused our economy.

21 posted on 01/13/2014 2:21:08 PM PST by meadsjn
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To: SeekAndFind
It’s been a long time since the typical American worker received a raise in her real pay. In fact, average weekly earnings, exclusive of fringe benefits but adjusted for inflation, are 10 percent lower today than they were in 1966.

Why would you exclude fringe benefits?

Exclusive of the calories from "sugared soft-drinks", Americans consume 10% fewer calories than we did in 1966. LOL!

22 posted on 01/14/2014 4:21:08 PM PST by Toddsterpatriot (Science is hard. Harder if you're stupid.)
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