John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (4813)	10/8/2001 8:00:31 PM
From: Mark Adams	Read Replies (2) of 33421

Corporate tax cuts may be needed to help the economy moving forward Normally I'd agree with this. But I'm a bit concerned that corporate tax cuts are being sold to the public without any hint that it would be a regressive move. The bulk of corporate income is not publicly traded stocks as we might assume on the face of it, but privately held business. This means that a corporate tax cut is going to put dollars into the pockets of the most wealthy who already use corporate structures and business expenses to effectively reduce their personal liability. And increase the relative burden of the lower and middle income wage earners who lack the financial sophistication to recognize what is happening... IMO.

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