Analysis Of Corporate Tax

Lower U.S. corporate tax rates is fundamentally apart of the free market conservative agenda. The conservative view is that a more attractive corporate tax policy increases investment, yields larger capital gains, and offers more jobs domestically. Less government control of business in the free market system provides more opportunities and higher standards of living. Lower taxes give more incentive to corporations to earn, save and invest. The liberal opposing ideology believes in more government interference, with higher taxes, in business to curb private interests to protect the best interest of the people. Heavy tax policies allow for more government spending in welfare programs that protect the people. Although more taxes generate more money to help the people, high taxes restricting effects on growth in the economy outweigh the benefits that people receive from it.
In context of the debate on the corporate tax, the liberal stance does not protect the best interest of the people. Instead of keeping jobs in the U.S. for citizens they are pushed away, with uncompetitive rates and tax policies, to other countries. Furthermore high corporate taxes always trickle down to harm consumers with higher prices and employees with lower wages. http://www.notoriouslyconservative.com/2009/06/obamas-multinational-tax-policy.htmlRestricting success and profitability of large corporations does not benefit the middle class citizen. Offering more job opportunities and higher wages benefits the average citizens and lessens the burden of the welfare system. Under the current tax rate the unemployment rate has reach up to almost ten percent. Corporations, in the globalized economy, are going elsewhere to find better investment and higher profits. http://www.cato.org/pub_display.php?pub_id=8382
If the government continues their policy of high taxes that constrict U.S Corporations there will be fewer companies left to tax and less tax revenue. Less corporations producing lowers the GDP, making it much harder to fill the ballooning deficit. http://www.youtube.com/watch?v=QSB_-g-GQCA The fed will have less tax revenue to spend in government programs helping the lower class and to cope with debt problems. Lower corporate tax rates that allow business to thrive domestically benefit the financial status of the nation more importantly the American people. Expanding business opportunities instead of limiting them will be the key in improving America’s future.

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