High Corporate Taxes Hurt Americans
Check out this short film about high corporate taxes:
It makes sense that high taxes on corporations would hurt Americans because the cost gets passed onto the consumer in the form of higher prices on their goods. The unfortunate part, as this video points out, is that these companies may just choose to move abroad to avoid the higher taxes.
Even worse, our small businesses suffer the most because they cannot be located abroad. Your local garden center, restaurant and movie theatre have to be located near you and may be forced to shut down if taxes increase too much. As pointed out, these taxes affect entrepreneurs as well, so new businesses may never start up if they face too large of a tax.
This brings up other questions: What is a fair tax on corporate profits? How is it fair when the government profits almost as much as the corporations they tax?
Here’s a fun cartoon on the same topic:
On a more serious note, here’s former presidential candidate Mike Gravel on corporate taxes:
Here’s a clip of Obama dodging the question. Ask yourself, what’s a “windfall profits tax” anyway?
Since the tax rate has increased so much, it looks like many companies have found ways to avoid paying it. Note the shout out to ending the Fed in this clip:
How do you feel about the corporate tax rate?
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