I just find it very difficult to believe that the CIT is such a hindrance on businesses when we see large corporations profiting in such huge amounts.  

 

I just heard on the news yesterday that Burger King is looking to buy some food joint in Canada so they can claim Canada has their corporate base and thus pay the CIT to Canada.  

 

Is it that our tax rates on corporations are too high?  Or is it that corporations do everything they can to maximize profits?  Obviously its the latter.  No matter how low you make CIT, it will not be low enough.  At what point will countries then start offering credits to corporations for them to relocate?  I usually cannot stand slippery slope arguments, but you're seeing one here...  

 

So let's say that we reduce corporate income taxes, then what is the next area in which a corporation can increase their profits?  The major costs to corporations have always been taxes, labor costs, and production costs..  So the next attack I would see would be on labor.  Make less employees to more work for less dollars.  After that, you have production, create cheaper goods for less money to increase your margins.   So after CIT is dropped, then what, a fight against minimum wage?  And what about production costs?  The fight against EPA and other regulations?  It seems that the working class consumers are bound to always lose.

 

I think there needs to be a realization that corporations are to serve the public and communities that they do business in.  A corporation's business should not focus solely on increasing shareholder wealth.  Stakeholders also have a large part of what makes a corporation successful, it's something we've all ignored.

 

Let's face it, our federal tax code is created by legislators that have been bought by those that are looking to line their own pockets.  Until we get leaders that actually look more like us, or at least understand what workers are going through, the tax code will be set up for business interests and not middle class/worker's interests.  And thus we have what we have now.  A stagnant economy and opportunities for alot of workers and a booming Wall-Street that is a money machine for those that already have plenty.   

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