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Finally, one person who agrees with my proposal. Some people do not think like we do.

Corporations are not going to eat this tax, they will pass it on to consumers. I do think banks would lower loan rates and increase interest paid on savings accounts if corporate tax was eliminated. With complete elmination of all corporate income tax you would probably see prices of all products/services drop by 15 to 20% and you would see profits rise. Companies would have more to pay employees, more & better products, decreased debt, and increased productivity.

I believe people think I am advocating increased personal taxes or increased federal spending. I absolutely do not advocate either increased spending or taxes, taxes and spending should drop dollar for dollar.
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