Fine. Then pass a corporate rate cut of 10%, and give everyone (including consumers and individuals) a rate cut across the board.
But they are not doing that.
In order to abide by the "Byrd Rule" (gee, I didn't know that was in the U.S. Constitution), they have to pass something that is "revenue neutral" - which is also a fluid definition. They don't want to explode the deficit, so they have to "pay for" the massive tax breaks to corporations by soaking everyone else. They are capping or outright making illegal almost every deduction individuals and families have.
This bill is not the 1986 Reagan Tax Cut. It is the opposite. The GOPe, the Goldman Sachs maniacs, and the K Street Lobbyists decided that corporations would be "winners" and the middle class (and especially certain states and certain individuals) would have to be "losers."
Freeper Rome2000 pointed this out:
In 2016, corporations paid about 300 billion in corporate taxes , individual tax payers paid 1.6 TRILLION in income tax and 1.1 TRILLION in FICA and Medicaid. The Government made about 900 billion in excise taxes, total tax receipts about 3.3 trillion. Anybody who doesn't understand that corporate taxes are the SMALLEST portion of Federal Tax Revenues doesn't really have the facts necessary to weigh in on what these degenerate scumbags are up to.
And to your logic, if lowering taxes stimulates growth for businesses, how does a massive tax raise for millions of Americans affect their growth?
You need to face reality. Both the House and the Senate bills stink to high heaven. They are NOT Conservative bills - they are class warfare bills where Peter robs Paul. The are "deduction cut" bills for hard working and patriotic families, millions of whom voted for Trump and have been Republican voters their entire lives.
The Tax Bills, for all their complexity, are now polling at 25% approval rating in the polls. If the GOPe passes this mess, we will most likely lose the House in 2018 (and who knows how many state legislatures, governors, and other races).
Businesses will reinvest, grow and hire. That’s not based on an anecdotal show of hands, it’s based on data.
For every set of "data" you want to show me, there are other sources that claim your data is overstated. Again, this is not 1986. We have incredibly inflated markets, globalism, automation, and massive fiat money manufacturing. Are corporations going to "re-invest", or buy their own stock?
I think some will re-invest, and there will be growth. Sure. But there will also be more stock pumping.
You know that.
Is all of that worth giving a huge FU to millions of middle class Americans through the "Rob Peter To Pay Facebook Act"?