Sorry to bring this to the top but the news of Canada lowering it's corp tax rate got me remembering some posts on here. [US economic rant begin]
The problem a lot of posters here as well as the politicians in the US have failed to realize is that higher tax rates do not necessarily equal higher tax revenues. Instead we have politicians who continually play the populist message of trying to ensure that corporations aren't screwing the little guy [the middle class], and we are far more likely to see higher tax rates on these corps than any reductions for these corps/people that truly drive the economy.
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