I HATE this repig Talking Point

[bongbong]

"If you raise taxes on corporations, they'll just pass the cost on to you!"

If that's so, why didn't consumer prices drop during the many years that corporate taxes went down? (and seemingly keep going down)

And why didn't consumer prices go up when corporate taxes went up (the many decades ago when lies didn't rule repigs)?

I HATE lies & repig Talking Points.

[guitar man]

1. Yeah they'd like us to believe that

Just like they'd like us to believe that raising American workers wages makes things more expensive, but hundreds of millions in executive pay and bonuses doesn't.

Ask them why gasoline is so expensive when the oil companies aren't paying any taxes at all?

[quinnox]

2. and the logical outcome is

then lower corporation taxes to zero, and then they will pass on the savings to the consumers rather than take as much profits as they can. Yea, right.

[abelenkpe]

3. I hate that people give in

to such obvious bullying so easily.

"If I don't give him my lunch money the big bullies will beat me up and take it anyway."

"If we stop subsidies to big oil they'll raise the cost of gas."

"If we raise corporate taxes they'll pass the cost on to you."

Yeah.

Only if corporations are the law and not the government. O wait....

[gateley]

4. Nobody ever calls them on this shit, either. We need to counter with facts! nt

[chowder66]

5. Yeah, keep lowering taxes on corporations so no one has the money to buy your product.

Then lower the cost of production to make more profit as your sales plummet
Then get sued for your crappy product
Then go out of business


Let's find out.

on edit: I'm speaking to the people/corporations who take the view of; Whaaaaaaaaaaa.

[1StrongBlackMan]

6. I, too, hate that talking point; but ...

I hate more having to explain to those that repeat it, how little they know about taxation. Specifically, since taxes are paid on profits, not revenue, businesses DO NOT/CANNOT pass taxes onto the customer ... Because doing so would INCREASE their taxable income and absent off-setting expenses, would DECREASE their profits.

And then, after explaining this, I hate waiting the hour or two before these same financial illiterates repeat the narrative, as if I had never explained how it works in Accounting 101 rather than in the unchallenged world of conservo-punditry.

[bongbong]

8. Too many facts

You stated at least 3 air-tight facts in your post.

That is at least 4 too many for the sheep that get eaten by Fox "news".

[1StrongBlackMan]

10. It's funny ...

Once in the comment section of my Tucson daily rag, I once read this narrative coming from a "small business owner."

When I explained the concept of taxable income versus revenue and suggested that she fire her tax adviser and seek out any competent tax strategus, she began reporting my comments - thus causing them to be hidden from the board.

Oh Yeah ... She also denied having ever listening to or watching fox"news" or limbaugh ... while quoting from fox"news".

[saras]

7. So how did that work when we had a 94% maximum tax rate?

[Ilsa]

9. For almost everything else, they claim that

the free market determines the cost of goods and services. I think it is more complicated than these talking point analysis.

They lie about that with respect to CEO salaries, when it is corporate peer pressure and threat of losing board seats that determine that.

[K8-EEE]

11. Also when corporations give money to Republican politicians is that cost passed on to us?

If so is there an "opt-out" form so I can get that money back?

[mistertrickster]

12. Very good observation. nt