That's what the tax bill did greeneyes.
I am not trying to be argumentative. But let's be fair.
The tax bill shifted trillions in revenue from corporations to individuals and families.
Period.
Gary Cohn admitted that their priority was to cut corporate taxes, and they had to "pay for" that revenue shortfall somehow.
Just how bull headed are you? I have a degree in accounting and finance. As well as a certified financial planner and corporate tax experience.
That shift language they like to use is because most people don’t understand finance. They ought to quit using it. You can’t shift something to an individual that is already paid by the individual.
They ought to cut the dang tax rate on corporations to zero. That way Corporations could lower their product prices. That would be good for individuals here, and make their products more competitive in foreign markets.
Now you can pay that tax through the prices you pay for goods or you can pay it with your tax return. Either way you pay for it.
The taxes paid by a corporation are part of the cost of the product. Raise their taxes and the cost of the product goes up, or they fire people to get their costs down.
And those stock buy backs that article you posted bemoaned help every individual with a 401k, and every pension fund that exists, and any mom and pop with an account at Ameritrade etc.
I applaud every tax cut to corporations and small businesses that is made. And rich people already pay the majority of the taxes. Almost half the people in the lower brackets don’t even pay income taxes.
Like I said income taxes are immoral. They should be outlawed for everyone.