>My point is that high corporate taxes are NOT necessary to cover public schemes for the greater good. In the most recent comparison I can find in 2014, the US had the world's 3rd highest general top marginal corporate tax at approx 39.1%,
A. Reducing corporate tax rates will inject huge amounts of cash into corporations.
So what?
The strong equity markets have made equity capital easily available. Corporate borrowing rates are still near record lows and multibillion dollar acquisitions are in the news daily.
Any company who wants cash and can't get it in today's market probably shouldn't have it anyway.
B. Higher tax rates reduce the impact of expenses on after-tax income and vice versa.
Reducing corporate tax rates will reduce the value of deductions - especially salaries.
C. This argument is masking the real issue- which is- does anyone is his right mind think that billionaires need more after tax income?
Anyone who does not go overboard- deserves to.
Malcolm Forbes, Sr.