Quote:
Originally Posted by Chicks
|
You do realize that corporations don't "pay" taxes, right? Sure, corporations write checks to the IRS, but unlike the government, since they can't print their own money, they have to manage their businesses via legit accounting tools like a P&L statement and a balance sheet.
To corporations, taxes are an expense. Expenses and income need to balance. So, when an expense, like taxes, rises, businesses have the option to reduce controllable expenses (like payroll, which is the largest controllable expense that most organizations have), or increase income.
The "climate bill" as you call it, was passed ostensibly to reduce inflation. If businesses are unable to sufficiently reduce expenses, then they'll need to pass along the cost to their customers, which of course is inflationary.
So, we're essentially trading a huge increase in government funding for the increased risk of inflation or losses in the job market. Is that what you're referring to "as it should be"?