re: #513 Obdicut

I’m, sorry, what perspective dos that bring?

A) Corporations are making profits.

That’s the perspective. An 80% increase sounds massive until you take into account the losses during the last few years.

B) Corporations are cutting jobs in the US and increasing them abroad, even while they enjoy profits in the US.

C) Some corporations are using the many loopholes and subsidies to actually get refunds, while actually having profits.

The most important part is B. Those who advocate for cutting taxes in order to promote job growth really need to explain why that will work, given that, while making profits, corporations are cutting jobs.

Can I then assume you’re not supportive of the tax code revisions (“closing loopholes and broadening the tax base”) the presidents debt commission suggested? The idea that we can selectively raise taxes rates and bring in more than 20% of GDP goes against 60 years of history.