'Republicans, seduced by the donor class or simply confusing profits with capitalism, have increased government spending, complexified the tax code, and supported mandates and regulations because big business wanted it,' Timothy P. Carney writes.
For a generation, conservative Republican politicians have wrongly believed that corporate America was their friend — and that's a generous interpretation. Republicans, seduced by the donor class or simply confusing profits with capitalism, have increased government spending, complexified the tax code, and supported mandates and regulations because big business wanted it.
Republicans typically give lip service to small government and free competition, and then favor activist government and big government when big business asks for it.Smith is a sixth-term congressman from Missouri, and as of this year, the chairman of the House Ways and Means Committee. Ways and Means writes tax laws, and Ways and Means Republicans are typically close to corporate lobbyists, and thus fond of special tax breaks for big business.
“These huge companies that get big tax advantages and have very good trade policies that have allowed them to invest billions in China and overlook Americans while they reap all these tax benefits — that’s something we’re going to be looking into,” Smith continued. Politico’s piece comes from the tax lobbyists’ point of view. Tax lobbyists are one key reason the tax code is so complicated: Lawmakers, bureaucrats, and Ways and Means staffers tend to cash out and become lobbyists and lawyers, whose value depends on high tax rates and a complex tax code riddled with loopholes.
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