One of the common responses from Republicans, when the idea of raising corporate taxes is brought up, is that the corporations would just increase prices and pass the costs on to consumers so that they can maintain their profit margins.
That is a valid concern. And thus, the Republican response is "hey, if we lower corporate taxes, they would cut costs, and things would be cheaper, so it would help the economy."
Unfortunately, that doesn't always happen. US Airways and American Airways have raised prices to offset the tax savings from expiring taxes. Yes, you read that correctly. Certain taxes expired, and these two airlines (among others) decided to keep ticket prices at the same level to increase their profits. (Mind you, not all airlines are being douchebags about this, but some are.)
So, dear Republicans, please take what happens in real life in consideration the next time you think that lowering corporate taxes will automagically help lower prices. IT DOESN'T ALWAYS WORK LIKE THAT. (Of course, pretty much any politician at the federal level is bought and paid for by corporate interests, so to fuckery with the little guy, right?)
That is a valid concern. And thus, the Republican response is "hey, if we lower corporate taxes, they would cut costs, and things would be cheaper, so it would help the economy."
Unfortunately, that doesn't always happen. US Airways and American Airways have raised prices to offset the tax savings from expiring taxes. Yes, you read that correctly. Certain taxes expired, and these two airlines (among others) decided to keep ticket prices at the same level to increase their profits. (Mind you, not all airlines are being douchebags about this, but some are.)
So, dear Republicans, please take what happens in real life in consideration the next time you think that lowering corporate taxes will automagically help lower prices. IT DOESN'T ALWAYS WORK LIKE THAT. (Of course, pretty much any politician at the federal level is bought and paid for by corporate interests, so to fuckery with the little guy, right?)