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Would a push to reduce corporate taxes most likely be a liberal or conservative cause?
Wiki User
∙ 12y ago
In today's environment both Liberals and Conservatives in Congress are looking to lower corporate tax rates. Both Liberals and Conservatives favor a simplified tax code that removes "special breaks" and "loopholes" that were put in the tax code passed by Congress over the years. That said, corporate taxes are part of the tax code and should be "fair." On the question of whether fairness includes higher overall taxes or lower overall taxes in respect to a new code Conservatives are more likely to be in favor of lower taxes and Liberals more likely to be in favor of higher taxes.
For example, a corporate tax rate of 30% prior to closing loopholes and special breaks might be changed to 10% from the Conservative point of view and might be changed to 20% from the Liberal point of view. Both choices are lower than the original 30% but the Liberals want to pay for government and the Conservatives of today have been co-opted by the starve government folks who would take taxes below what was necessary to keep government providing services.
Wiki User
∙ 12y ago
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What do Republicans stand for?
Republicans are considered more conservative than Democrats. However, there are liberal Republicans and conservative Democrats. The Republicans tend to favor less government when dealing with domestic problems, and individual and states' rights. Republicans tend to favor economic laws that regulate as little as possible. They tend to favor ways to help the states and local governments, and allow private charities to help individuals in need instead of federal programs. Republican tend to favor more defense spending and to be against funding for abortions. They favor enforcement of immigration laws and are against giving voting rights to illegal immigrants. They want to balance the budget and find a way to slowly reduce the national debt.
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