Given all the discussion, I'm thinking it would be a good idea to eliminate corporate taxes completely. Here is an older article in the Atlantic about this. A bunch of carve outs and deductions for specific business would have to be eliminated.
By doing this, I think we would make it much less desirable for a corporation to ship profits oversees. It would make it harder for the Congress to subsidize business through tax breaks. Obviously, revenues generated would have to be increased or the federal expenditures severely cut.
Personally, I value many of the federal aid programs and would support increasing personal tax rates to cover these costs.
By doing this, I think we would make it much less desirable for a corporation to ship profits oversees. It would make it harder for the Congress to subsidize business through tax breaks. Obviously, revenues generated would have to be increased or the federal expenditures severely cut.
Personally, I value many of the federal aid programs and would support increasing personal tax rates to cover these costs.
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