Finally. Corporations are getting there
tax break cut. President Obama has made a large impact on the economy for his
new act of cutting Corporation tax rates. In a country that is racked with a
growing poor division and closing on an economic crisis, this maybe the first
turn around since Obama was elected many years ago. The Republican controlled
Congress has been over looked and now perhaps there can be a turn around in the
economic state of the United States.
Okay the Star Wars political joke aside, this is a major break through. It is good that corporations are having there tax breaks cut. When you look at it, the individual worker is taxed more than the corporations themselves. Which is a number of things: unfair, not beneficial, counter productive. If the individual worker is taxed higher than the corporation then he soon losses his home, his car, etc. Therefore in turn loosing his or her job. Wouldn't it make more sense to tax the corporations higher because they are making much more money than the individual worker? Really why tax workers who can't afford the tax? Corporations in comparison make a lot more money than there base workers therefore should be taxed accordingly. This does two things:
1. Helps to keep the economy in balance and the workers employed
2. Helps to heal the deficit the United States is in.
This also leads into another topic of discussion, the tax code. Obama and his allies are currently working on a new tax code to benefit the US greater than the old one does currently. The outcome is unknown but the results may actually be beneficial to the country.
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