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by CWuestefeld 5823 days ago
We're supposed to lower taxes to businesses, because at the end of the day business is the engine of the economy. Throttling business with taxes throttles the economy -- which is exactly what we don't need today.

so that consumers don't get punished in the end with new fees and higher costs

The degree to which this is true depends on the products involved. It all turns on the elasticity of demand for that product. Basically, if you're unlikely to significantly curtail your usage of -- e.g., oil or tobacco -- then the consumer will bear the brunt of any tax increase to the business. But if it's related to products that you're more inclined to put off a purchase due to price sensitivity, then the taxes will tend to come out of corporate profits.