Let’s cut the corporate tax, cut the capital gains tax, and watch the recovery.
My opinion has always been no business should be taxed. I'm taxed personally on my income, just as you and everyone else is. My business provides my income. When my business is taxed, the result is I must find avenues to circumvent, legally, the excessive, or double, taxation. We do this thru setting up multiple corporate entities, LLC's, etc. Large business hire hoards of tax attorneys. Small business suffer. I can't imagine the money saved and jobs created if there were no corp taxation and how the revenue streams thru individuals would skyrocket. The cost of goods would be lower. The only need to build overseas would be to expand to said market.
Instead, I'm forced to limit hiring, limit raises, limit expansion, limit growth.