Posted by MikeT23 on 10/17/2012 1:53:00 PM (view original):
Since it's apparent the "tax rate doesn't matter" crowd will never believe it matters, I won't bother explaining.
But every business should weigh the pros/cons of expansion/increase in revenue/expense. Part of the calculation is tax rate on current/future profit. Like it or not, it's just a fact.
While many of the small business owners and corporate ceos I work with might not hire immediately with lowered tax rates they have certainly laid off or reduced hours because of higher taxes. That's already happened and is still happening.
Low tax rates creates jobs because it incentivises new companies and foreign companies to invest. Like I mentioned earlier... incentivise Honda to build a manufacturing plant in the us and now youve created 8000 jobs. Now entice more than just Honda and you have job creation from lower taxes.