Will democrats please answer this question?

Question

If Barack Hussein Obama wins the election (that's a big if) he wants to eliminate corporate tax breaks. Why do democrats see this as a good thing? That means the corporations are going to raise the prices on the consumer goods to make up for having to pay more taxes.

Answer 1

What about the Democrat Unions, they invest in big oil and big

business,  

Answer 2

Please cite your source on that statement.  I don't believe I have ever heard Obama say he would eliminate corporate tax breaks.

Answer 3

But by making them pay their fair share, our taxes will go down, and you can choose to buy from X, Y, or Z, depending on the cost. It would behoove the Corp. to keep prices down, so as to earn your $$...See? Works out well, eh?

Answer 4

The tax breaks were implemented after the Clinton administration.  Notice how the top 1 percent now control 90 percent of the income in the country.  Obviously Bush ****** up.

Answer 5

raise prices will decrease market and further decrease their big profits ,their may be another way. f.p

Answer 6

not really, you can't logically argue that.

because when the corporations got huge tax breaks, they did not lower their prices...

Answer 7

I see it as a good thing because corporations leach environmental resources out of an economy and make a profit. Why should we also reward them by letting them off the hook with taxes. Taxes are what any responsible corporation pays to put back some of what it takes out. It profits off that community therefore it needs to contribute to that community. Do you realize that if no corporations paid taxes we'd live in a third world country with no roads, no schools, no libraries, etc? Do you realize that that's similar to saying why do the richest people in America need to pay taxes? Republicans love to threaten that business will raise prices, cut jobs or move elsewhere if they are forced to be grownups and pay taxes, fair wages, and adhere to environmental regulations. I'm still waiting for that to happen. They threatened this most recently when the minimum wage was finally raised. Do you see corporations raising prices or closing down as a result of that law? Nope.

Answer 8

That's because a degree in Liberal Arts or Philosophy doesn't give one any understanding of Economics. And Democrats will tell their fan base (that would be liberals) anything they want to hear -- so long as it gets votes.

Answer 9

Let them live in their dream-world.

"We're not going to take the water out YOUR side of the bucket, just the other side of the bucket"

Answer 10

So your argument is since they gouge us anyway, what's the point in trying to change the system?

Profit at what cost to everyone else?

Answer 11

Our government is spending more money on programs than it takes in via tax revenue.  By eliminating tax loopholes, the federal government will raise more revenue and, hopefully, generate budget surpluses.  This will strengthen the dollar and thereby increase the standard of living for middle class workers.  If corporations raise prices on consumer goods too much, the demand for their goods and services will evaporate in favor of others who can provide those same goods and services at reasonable costs.

Answer 12

its called competition so i doubt they will raise taxes. I have a small business but its registered as a corporation and i am not going to fire any of my employees or raise prices. cutting corporate tax stops giving away the money.

Answer 13

The government will regulate corporate abuse if they try to gouge the consumer.  In fact a Republican wast he first to do this (look up Teddy Roosevelt).  

Besides, you think many corporations aren't overcharging you right now even with all their profits?  They'll try to do it no matter what.  With Bush gone it's likely Obama or McCain will not let corporations run wild.

Answer 14

Its still a good thing.  If corporations are to remain competitive then they will need to listen to consumers.  Not only do I favor this but I also favor taking away the standing of a corporation in our courts of law as a " person".

And if need be, lets see price controls.  The free ride for Wall Street is coming to an end.  Hard to sympathize with the Health Souths , and Enrons that are still out there.  

Answer 15

I do not accept the premise of your question. As I understand Obama's economic plan, it is essentially a return to the tax rates of the 90's where, under Clinton, the US had the largest economic expansion in history, corrected the mistakes of 12 years of Reagan/Bush, and left after eight years with a budget surplus on tract to eliminate the debt within ten years. http://clinton4.nara.gov/WH/new/html/Fri...

Answer 16

OR

they will have to quit giving MULTI-MILLION DOLLAR RAISES TO THEMSELVES even when their companies are doing poorly !!

Answer 17

Red,do you think the last W eight-years have been good for our country? AND,I think you mis-spelled the Senator from Illinois name!

Answer 18

They don't pay taxes currently....so, they probably won't pay taxes later....that's the law of supply and demand...if we demand lower prices, they will reduce them or we will create stores that WILL have lower prices....

Corporations are given 167 million in corporate welfare--4 times more than social welfare....63% of corporations already do not pay taxes.....we must hold them accountable.

Answer 19

Not really, they may instead opt to reduce the corporate looting by CEOs and other over paid folks within their organization.  keep in mind, "what the market will bear" means they still have to compete.

Answer 20

Because we are in a deficit and it looks better to tax corperations than working families that are losing their homes.