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Overnight Open Thread

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lawhawk6/25/2010 9:26:22 am PDT

re: #461 JasonA

Umm, even that fact check is chock full of caveats and finds that cutting corp taxes actually results in increased revenues - with the effects greatest in places like Ireland (which have become tax havens for businesses compared with mainland Europe or England).

Considering that corporate taxes are essentially passed through to consumers via higher costs for the goods sold, this makes some sense. They are able to have higher profits and/or higher revenues as a result of lowering costs.