In response to:

Corporate Tax "Fairness" That Is Anything But

jacdew Wrote: Apr 19, 2012 1:15 AM
You're both right! Consumers pay the tax for corporations (simply built into product cost) and we should not be taxing the things we want to encourage, i.e. savings and investment. A consumption tax (Fair Tax) would eliminate the tax on corporations (should lower product costs) and encourage savings and investment. I can't think of anything that would be more effective at job creation. Of course we also need to reform regulations. Tax policy is only one factor discouraging job creation!

“The whole concept of corporate tax reform,” President Obama said on announcing his new plan to accomplish the task, “is to simplify, eliminate loopholes, [to] treat everybody fairly.” It is a theme he has repeatedly emphasized: making the tax code more equitable so that everyone pays their fair share. But like most of the president’s initiatives, the rhetoric does not reflect the reality.

Far from making the corporate tax system “fair,” the president’s corporate tax plan punishes smaller businesses, worsens the punitive double taxation of American companies that operate overseas, and, at a timewhen gas prices are spiking, selectively hikes taxes...