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Originally Posted by Guest
So, in the unlikely event that the proposed tax reduction bill passes Congress and is signed by the President, we can all expect to see a reduction in the price of all goods and services in America because of the great corporate savings. Let's not hold our breath on that one!  |
Not likely with a 2-3% reduction in corporate income tax, but reducing the rate to zero would have that effect.
Actually eliminating all income taxes and instituting The Fair Tax would not only have the effect of lowering retail prices by about
20% across the board but would also allow you to choose how much you want to pay in taxes and take power over you away from Congress. That is probably the main reason why it will never pass.
Pass the FAIRtax | FAIRtax