Question:

Historically, hasn't more corporate taxes caused businesses to lay off employees further weakening enterprise?

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Barack obama wants to raise capital gains tax and hopes to fund his various social programs by increasing corporate taxes. Won't this just hurt the economy further as corporations will respond by laying off workers and outsourcing labor even more? Not to mention more corporations will move operations oversees. I would like to see some historical examples.

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2 ANSWERS


  1. Look at the history when JFK and Reagan cut taxes and the economy rebounded.  Capital gains taxes however primarily affect individual investors in the market on profits made from investments


  2. If the CEOs, VPs, and upper management would take a smaller salary or smaller bonus, then hundreds of workers could keep their jobs. But the CEOs and upper management don't care about workers, only their bonus.

    Tax isn't really the issue, it's greedy corporate management.

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