Corporate Taxes

McCain and Obama differ greatly on corporate taxation. McCain wants to lower the corporate income tax rate from 35% to 25%. Obama who has demonized corporations thinks they are not paying enough. Anyone who has studied basic economics knows that raising taxes on corporations will drive them overseas along with jobs. We've lost jobs to other countries because the cost of doing business in the US is too expensive to continue to stay in the US. McCain, on the other hand, understands that when corporate tax rates are reduced there is an incentive for companies to stay here and produce more and hire more. With that government revenues will increase just as the Reagan and Bush tax cuts have proved.