I do not understand our government's tax reduction plan where it will reduce corporations' tax burden from 35 percent to 20 percent.
They will reduce other taxpayers some as well, but the government is borrowing more money all the time, putting it into more debt. They say this will generate more workers, which will make up the difference, because more workers means more jobs, and more jobs will be more money for the economy as workers spend it.
My way of thinking is that this is like giving a baby candy but taking it away. Corporations can only generate so many jobs, because someone has to buy their products. If the products aren't sold, employees are laid off of work.
All of this is great when everything is working smoothly -- people are employed and have a job that earns them money to pay their bills, but what happens when we go into a recession? Employees are laid off and have a hard time paying bills, but CEOs are rewarded with big bonuses.
This tax plan may look good to all those very affluent people, but it doesn't look as good to those with fewer resources.
Richard Braden, York