Many people hate corporations. Progressives and populists blame them for a host of sins, and several libertarians assert they couldn't exist in their present form without the State. But even if you hate corporations . . .
Abolishing corporate income taxes is in your self-interest.
These taxes are unproductive as revenue-generators (see our Background page), but what they really do is make politicians more powerful, at your expense.
She demonstrates that . . .
On the other hand, if we scrapped corporate income taxes entirely . . .
This would be the ultimate economic stimulus. Nothing else could do so much, so fast, to boost the economy.
So why isn't this done?
Because it's against the interests of the Political Class.
Think about the typical political demagogue. Early in his speech, he promises to end "tax breaks" to corporations. Then, later in the speech, without any sense of irony, he says there should be "tax incentives" to encourage companies to do certain things.
Of course, the tax incentives he says he wants to create are exactly the same as the kind of tax breaks he says he wants to end, but the demagogue doesn't want you to connect the dots.
So what he's really saying is that he wants to end tax breaks to some corporations he doesn't like (probably the ones that have received bad press) while extending tax breaks to other corporations who will do what he wants.
Politicians couldn't care less how much revenue the corporate income tax generates. The revenue isn't the point. The point is the complicated laws, breaks, and loopholes that the politicians can manipulate to enhance their own power and importance.
Your interest lies in the opposite direction. You should fight to ABOLISH THE CORPORATE INCOME TAX, FOR YOUR OWN BENEFIT. The side benefit is that you'll make the Political Class weaker!
Doing this will also reduce corporate influence in Congress, by removing a major incentive for lobbying. Tell Congress that you want corporate taxes abolished completely!
Use the form at right to send your elected representatives a letter about this issue. It's easy!
We provide the first few words of the letter so that Congressional offices will see the most important point right at the start, and so that no one can hijack our system for another purpose. Here's the part we provide . . .