I must bestow a Chutzpa Award on our very own Congressperson, Eric Cantor. Mr. Cantor has introduced a bill in the House of Representatives that would cut corporate tax rates from 35% to 25%. Mr. Cantor has the chutzpa to call this gift to corporate America “The Middle Class Job Protection Act.”
Sunday, January 20, 2008
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What else do you call it when business taxes are higher here than anywhere else in the industrialized world? Who else is going to hire people? Would raising taxes bring more jobs? Businesses do not pay taxes. They pass it on to the consumer.
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