Quote:
Originally Posted by IllTestYourGirls
Lower the corp tax rate and we will see more jobs and more tax rev. Then cut spending and we are in the black.
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Lowering corporate taxes historically has not done that...
The only time it does is when capital gains tax on money brought in for investments is reduced to under 10%. Just that one part of it. During that time they end up collecting more in tax revenue from the growth that happens from those investments.
However, currently companies are net profiting more than ever, owners paying them selves more is increasing, while the average persons income is dropping.
Until people "are buying" Companies will not hire, you can rip corp tax to nothing and they CAN'T grow without buyers.