Corporations create jobs when there is demand, not just because the government gives them welfare with the
failed "
trickle down" theories!
Corporate tax cuts, Canada anyways, only
maybe return about 1/3 of their cost to the GDP!
Quote:
Canadian Manufacturers and Exporters (CME)
On revenue, the report finds that as a result of corporate tax cuts from 2000 to 2010,
Ottawa now collects $16.5-billion less a year in corporate income tax revenue. Even
when the CME includes revenue generated from higher GDP as a result of the cuts, the
lower tax rate still leads to an annual reduction of $5.9-billion to Ottawa?s bottom
line. The reduction from the 2010 18-per-cent tax rate to the scheduled 15-per-cent
rate in 2012 is estimated by the CME to result in a net loss of between $2.6-billion
and $4.3-billion.
http://www.theglobeandmail.com/news/...rticle1869668/
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The corporations are currently sitting on a ton of cash, and not doing anything, because the middleclass consumer/worker is balancing rent/gas/food just trying to keep their heads above water!
Quote:
There may be $2 trillion sitting on the balance sheets of American corporations globally, but firms show no signs of wanting to spend it in order to hire workers at home, however much Washington might hope they will.
http://www.time.com/time/nation/arti...076568,00.html
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