ACTION

Many people hate corporations. Progressives and populists blame them

for a host of sins, and several libertarians assert they couldn't

exist in their present form without the State. We at DownsizeDC.org

oppose the crony capitalism of the Corporatist State, and we cringe

whenever people assume our pro-free market philosophy is a "defense"

of corporations. 

That is why our new campaign is a "heresy." What we propose may shock

you, but we have good reasons. 

Our position is that even if you hate corporations . . . 

Abolishing corporate income taxes is in your self-interest. 

These taxes are unproductive as revenue-generators, but what they

really do is make politicians more powerful, at your expense. 

The following letter to Congress explains the benefits of abolishing

the corporate income tax. The hard-wired message to Congress says

Please repeal all corporate income taxes and replace them with

nothing.  I then added these personal comments, which you may borrow from or

copy.  The facts are plain. At Reason, economist Veronique de Rugy explodes

several myths about the corporate income tax.

(http://reason.com/archives/2011/05/06/the-facts-about-the-corporate)

 She demonstrates that . . . 

 * high corporate income taxes actually reduce employee wages. 

 * federal revenues from this tax are lower than in other countries,

even though we have the highest tax rate among industrialized nations. 

 * corporate taxes fund a minuscule part of the federal budget. 

On the other hand, if we scrapped corporate income taxes entirely . . 

 * foreign corporations would move here to take advantage of our ZERO

corporate tax rate. 

 * the ZERO tax rate would cause many new corporations to form that

wouldn't have been viable under the old tax system. 

 * costs to comply with the corporate tax would disappear, leading to

expanded investment. 

 * the number of new jobs would soar, and wages would rise at the same

time. 

 * the resulting economic expansion would more than offset the "lost

tax revenue." This would also be a sustainable boom, unlike the booms

caused by the Federal Reserve's legalized counterfeiting. 

This would be the ultimate economic stimulus. Nothing else could do so

much so fast to boost the economy. 

So why isn't this done?  Because it's against the interests of the Political

Class.  Think about the typical political demagogue. Early in his speech, he

promises to end "tax breaks" to corporations. Then, later in the

speech, without any sense of irony, he says there should be "tax

incentives" to encourage companies to do certain things. 

Of course, the tax incentives he says he wants to create are exactly

the same as the kind of tax breaks he says he wants to end, but the

demagogue doesn't want you to connect the dots. 

So what he's really saying is that he wants to end tax breaks to some

corporations he doesn't like (probably the ones that have received bad

press) while extending tax breaks to other corporations who will do

what he wants. 

Politicians couldn't care less how much revenue the corporate income

tax generates. The revenue isn't the point. The point is the

complicated laws, breaks, and loopholes that the politicians can

manipulate to enhance their own power and importance. 

Take the side of the people, NOT the Political Class. Abolishing

corporate income taxes will reduce corporate influence in Congress, by

removing a major incentive for lobbying. It will revive the economy

almost instantly.

ABOLISH CORPORATE INCOME TAXES NOW!

      ~  ABOLISH CORPORATE INCOME TAX NOW ~