Tax Bill Won't Benefit Middle Class

As Published in the Washington Times, 12/19/17 By: William J. Booker

The Republican Tax plan lowers the corporate tax rate; citing that America has one of the highest corporate tax rates in the world. They want to bring jobs to the United States by lowering the tax rate, BUT none of this makes sense. Companies don't make their decision on where to locate solely on tax rates. They make their decision based on cheap labor. Lowering the tax rate does little--if anything at all to drive the economy.

America has a very strong, robust and innovative economy with millions of consumers. The most fundamental concepts of economics is supply and demand.

I doubt that companies like Apple are sitting around thinking, hey lets lower our prices so more people can afford to buy the new iPhone X. Thus, lowing the corporate tax rate doesn't translate to foreign companies wanting to run to set up shop in America because the price just went down.

"It's wrong to run a corporate fire sale at the expense of American consumers who can barely afford to feed their families." 

The plain truth is, the average corporate tax rate is about 28% which is passed down to consumers anyway. If Republicans really want to help the economy grow; they would pass a tax bill that puts more money in the hands of people who need it the most--the middle class.

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