Why Give Corporations a Tax Break?
US President Barack Obama has emphasized the need for additional revenues as part of a balanced plan to reduce future deficits, but is also proposing to cut the corporate-tax rate. While this approach may seem inconsistent, there is a strong pro-growth rationale for pursuing it.
https://prosyn.org/kMQrXF6
BERKELEY – US President Barack Obama has called for additional revenue as part of a balanced plan to reduce future budget deficits. But he is also proposing a significant cut in the corporate tax rate. To many, this approach seems inconsistent: Shouldn’t the corporate tax rate be raised, not lowered, so that corporations contribute their “fair share” to deficit reduction? The answer is no.