Corporate Tax Cuts

Paper Summary:

In a "Washington Post" article entitled "House Passes Major Tax Cut for Businesses", author Jonathan Weisman discusses the public policy issue of corporate tax cuts. The public policy described is at a development stage and reflects what is largely a federal issue. The policy is criticized for potentially having a direct conflict with public health policies on smoking. This paper explains that stakeholders are diverse and include American businesses, special interest groups, and residents of several states with no current income tax. Government departments directly involved in the policy are the House of Representatives and the Senate. The paper shows that ,overall, critics argue that the policy results in financial costs and support of special interest agendas, although the policy supports good government by addressing the policy issue of European Union export subsidy sanctions.

From the Paper:

"Overall, the policy has drawn criticism that it reflects poor public policy. Notes Weisman, "the main criticism focused on the special-interest provisions secured by business lobbyists." Further, criticism has also focused on potentially increased costs of the bill beyond the $153 billion cut in business taxes over 10 years. Critics argue that extension of other tax breaks and the phasing in of other tax breaks will make the final toll much higher. Potentially, critics argue that the total cost of the House bill could be $260 billion."

More papers on Corporate Tax Cuts:

• Term Paper # 75727 : "National Retails Sales Tax "
• Persuasive Essay # 101859 : "Corporate Patriotism"
• Article Review # 114419 : "Criminal Justice Budgetary Cuts in Florida"

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