We’ve talked about this before, but here we are. Do Not let anyone convince you that raising Corporate Tax only hurts those bad ol’ corporations you’ve been told to hate. Don’t get me wrong, there are a lot of problems with Corporations. Corporations are using their power and size to crush small business. They are using the same power and size to get involved in your politics. We’ve all known for a long time that they spend millions on lobbying. But now they are getting directly involved, publicly involved, stepping into issues that, honestly, corporations should leave to the voters.
NYT: Inside Corporate America’s Frantic Response to the Georgia Voting Law
HBR: Why and How Companies Invest in Get-Out-the-Vote Efforts
Guardian: Fresh Cambridge Analytica leak ‘shows global manipulation is out of control’
Now you have Amazon pushing for raising corporate taxes.
CBS: Amazon.com supports a higher corporate tax rate, Jeff Bezos says in blog post
Do you really think they want to do this because they like paying taxes or even because they expect/intend to pay more in taxes? NO, they are doing it because it hurts small business and because they know they don’t pay it. YOU PAY IT. Corporate tax is ALWAYS passed on to the consumer – through higher retail costs and service charges. Your meat will cost more at the grocery store. Your hotel room will cost more on vacation. Your clothing will cost more. Tickets to your favorite sport will cost more.
It really is that simple. Whatever increase in corporate tax anyone might be selling, will ultimately be passed on to you.
