That's good. So, they won't mind if we hike the Corporate Tax Rate back up to 35%. Right? No?
I’m not going to convince you, I suppose.
Let’s try this, I am an investor in Apple, (I’m not and I’m not a customer either.) If Apple (the company) pays more to the government they have less money to spend on production. My stock value goes down. I won’t pay taxes on the value of my shares, employees will not get raises (nor new hires), production lines won’t make product to sell. (And I know they are Chinese goods.) High taxes on corporations diminish economic activity in dozens of ways.
I hate Apple BTW but the same is true about every corporation or company. Why did Amazon decide not to move into NYC?! What did that cost those good middle class folks?! Corporations don’t pay taxes. Their shareholders and customers do.
Not at all, they'll gladly pass the cost on to you and me in the form of higher prices for their goods and services. Or perhaps lay one of us off.