Republican legislative leadership has proposed cuts in business taxes as one of their priorities. Why is this not a good idea? Some reasons:
Corporate tax cuts are no guarantee for job growth.
State corporate taxes are a minor expense for corporations.
Mulitstate corporations could use their tax breaks in another state.
Multistate corporations already are receiving a tax cut.
Proposed corporate tax cuts are not a proven job-creation strategy
Additionally, the proposed tax cuts would create a deeper budget hole now and add to the challenge policymakers already face to close a $6.2 billion budget deficit.