Republican politicians claim corporations need their taxes lowered, declaring U.S. corporations pay higher taxes than other countries. Some Americans are led to believe cutting corporate taxes will create good-paying jobs, resolving their fears of a failed economy.
Realistically, corporations would have to be willing to leave China, Bangladesh, Vietnam or India — countries that provide cheap labor with already lower taxation. In reality, U.S. tax cuts won’t compete with corporate foreign profitability.
What can taxpayers expect from lowering corporate taxes? For starters, corporate tax cuts will generate more profits and increase America’s deficit. Political candidates who support these tax cuts get large super PAC support. Working Americans, LLC’s, entrepreneurs, and mom-and-pop type small businesses get nothing.
Corporate tax cuts are plutocratic politics that fail 99 percent of Americans. Look at history: adopted policies for the wealthy always fail the middle class. This clearly defines why the majority of Americans are angry and frustrated. They don’t recognize self-interested politicians.
These same politicians convince party members, it’s government and not concentrated wealth that’s their greatest problem. But it’s the wealthy who drive these politicians. It’s a no-brainer — candidates who promote corporate tax cuts are working for concentrated wealth.
This is why representatives leverage legislation for centralized wealth, with cleverly coded politics that manipulate Americans.