ECONOMIC FREEDOM

The right to be free is endowed by our Creator and is the premise of our Constitution, Bill of Rights, and the American way of life. The Constitution is a timeless document that guarantees our basic freedoms. We support personal freedom so all Americans can live life the way they want as long as it does not harm others, or infringe on another’s rights.
We are most free when the Constitution is followed and each branch of government serves as a check and balance to the others. We are a nation of written laws. One law for all and equal application of the law is a founding principle that distinguishes America from the lands immigrants fled to escape oppression. No American President, Republican or Democrat, should ever go around the Constitution, no matter how important the issue. No government entity is above the law, and no public official may act outside or above the law. Yet, we have seen that Washington has a reckless disregard for the rule of law and balance of powers.

When our leaders pick and choose which elements of the laws they choose to enact or grant waivers and exemptions to groups of their choice, they undercut the Constitution and demonstrate to us their belief that laws do not apply to them, and that they think they are different from the citizens who elect them. When government leaders lose the public’s trust, we will exercise our right to be outspoken, and to vote, and to say “No More.”

The government has become too big and too powerful and many of those in Washington have grown out of touch with the citizens they represent. We recognize the government is slowly taking away basic freedoms we each deserve. For instance, every American deserves the freedom to make a phone call and send an email without the government monitoring what we say and write. Every American should have the right to choose our own doctor and which insurance plan we want to purchase without the government penalizing us for not purchasing something we do not want or need. Washington continues to pass laws taking even more freedoms away. Americans sense a freedom gap, between how we value freedom and how free we actually feel today, with an elevated sense that the American Dream is becoming harder to reach.

We support policies that protect and defend personal freedom and individual rights, and the ability to pursue the American Dream without government intrusion. We also support policies that will reclaim those freedoms and rights that have been eroded through intrusive policies of unaccountable politicians and Washington bureaucrats, many of whom answer to special interests and lobbyists rather than their electorate.

We believe that our freedom is America’s greatest strength, and that any policy or action that restricts or erodes that strength is detrimental to the potential and growth of our country.   https://www.teapartypatriots.org/ourvision/personal-freedom/

Perhaps requiring businesses to pay a living wage so that American families have some disposable income to spend will do more to stimulate the economy more than a tax cut for the rich. The rich already spend as much as they want.  Putting more in their pockets will not stimulate the economy.  Just their bank accounts.

If the corporate and small business tax rates weren’t so high, we would get those increased wages and benefits.  A corporate tax cut benefits go 70-90% to the middle class in the form of expansion of facilities and research which employ more people and into increased wages and benefits.  When companies bring back money earned overseas and invest it here, it’s our middle class that benefits.  If taxes remain high and money earned overseas is reinvested there, then the middle class in those lower tax environments benefit.  

U.S. corporations have been flush with cash for several years.  Busy gobbling up shares of their own stock...any trickle down has been to stockholders as dividends, not employees.

The wealthy are doing just fine, heck even some of us retired middle-classers are as well.  Instead of a tax decrease, I'd rather see infrastructure projects addressing our crumbling bridges, high speed rail and a host of other needs.

Many are not flush with cash domestically.  The cash on hand is abroad where it was earned.  Companies here often borrow the money for dividends and and buybacks because it’s cheaper for them to pay interest on borrowed money than to pay taxes on their own money brought home from abroad.  Companies won’t borrow for pay increases or r&d.  They simply spend it on their operations abroad.  We need to cut the corporate income tax.  15% of a trillion is much more than 35% of nothing.  

Ok, this is truly about apples and oranges.  Let's go to the produce department...

Your oranges - Many are not flush domestically. The cash on hand is abroad where it was earned.

My apples - U.S. corporations (domestically) have spent trillions in stock buy backs, increasing the wealth of their corporation, individual board members, shareholders.  My apple cart referenced nothing about about earnings held outside this country.

Here's a good article articulating my point...

cbpp

If you or anyone else has data to offset this position, I'd enjoy reading it.

Thanks MUVA , perhaps this is better sourcing.  Still looks to prove the point I was making to Singled .

forbes

I've not cut off my nose to spite my face, have made a bucket load of money during this market cycle...remember I'm fiscally conservative   

1. Corporations do not have job creation as a goal. Their only goal is maximization of stockholder wealth.

2. If there is no great un-met demand from the general population, lowering corporate taxes will simply increase corporate profits. There will be no reason for additional production and no reason to create more jobs. Additional profits may be distributed to the stockholders. They may also do stock buy backs. Since CEO's bonuses are probably based on stock prices, this is an attractive option.

3. Profits might also be used to further automate. (This applies to both manufacturing and services.)

4. It's possible that corporations might take their additional profits and expand production in another country with lower production costs.

So pretty much American corporations will simply take the money.

Now - if you really want give tax breaks for the purpose of creating jobs - give the tax breaks to little Mom and Pop businesses. They generally start up for the purpose of creating jobs - first for themselves then their families and perhaps their friends.

It's not that supply side approaches cannot work - they just need a particular environment - which at this time - I do not believe exists.

But sure - go ahead - give tax breaks to mega corporations ... we'll always have Kansas .

Are you so fixed in your position that you’d rather 2.5 trillion all stay abroad and earn interest there or get invested there for research or plant expansion there where the taxes on business income are much less on money earned there?  As a share holder it would be against the fiduciary responsibility of an American company to bring back even one cent of money earned overseas on business generated overseas, when one must pay 40% combined federal and state taxes to bring it home.  It’s cheaper to do r&d abroad and borrow money at interest to do stock buy backs and pay dividends to us shareholders than to bring money earned abroad for any purpose.  Companies should forever keep as much cash everywhere but here forever until the global tax on income is repealed and rates are cut to at least a global average rate.  Let progressives know that if they block rate cuts there are plenty of other places investors can invest.  I have about 20% of my portfolio in companies and markets elsewhere and can increase that the more progressive our policies become.  

At the end of the day the government cannot make the corporations create jobs.  They will (and are legally required to) do whatever makes them the most money.  Usually that doesn't include hiring unless it's absolutely necessary.  Read Adam's Kansas article above.  Kansas has, by 2/3 majority, rejected it's low tax model only 4 years after it started.  They have not suddenly become liberals.  It just wasn't creating the jobs promised.

Govenor Brokeback Mountain done fucked over Kansas well didn't he?

It’s sad that there are progressives who know that the working and middle class would get according to many studies 70-90% of the overall benefits of a corporate tax cut in the form of lower prices, more research, plant expansion with more jobs, and increased benefits and wages to existing workers.  These progressives would willingly take all that away from the middle and working class people if as a result of improving the lives of the middle class the top 1% got any benefit at all.  To progressives it would be better to destroy the middle entirely in order to punish the top 1-2%.