Comment
Comment
A break on an existing tax rate, could be considered a subsidy.
A lower tax rate to begin with is simply - a lower tax rate. It’s NOT a subsidy.
It comes back to people, anyhow, in the form of jobs and income. Look at the info. I posted about Louisiana, and see how many households are supported, directly and indirectly, by the oil industry.
That’s assuming that the lower tax rate doesn’t have to be made up elsewhere. The jobs and income don’t always materialize, in which case, everybody else’s taxes go up to subsidize the company that got the tax break whether it’s on top of a current rate or low in the first place.
