“And the prices of what they buy now already reflect a corporate tax rate of 39%.”
BS! Name the corp that paid 39%?
The reason the Fairy tax will NEVER pass is it will screw anyone that has money in the bank.
You have a point about big corporations finding ways around the tax code. The effective rate after all the loopholes is about 24% - 31%, depending on how you measure it, not 39%.
That’s the actual number baked into the cake when retirees and everyone else buys their products
The Cruz plan still cuts that in half.
And it ends the political gaming of the system which gives an unfair competitive advantage to the mega corporations who can afford the lobbying efforts and the cadres of lawyers.
That has a general economic benefit which accrues to all consumers.