Last night I attended a forum on tax policy at Emory University. At one point a professor explained that taxes on corporate taxes are actually designed to push companies to reinvest those dollars back into the company rather than keep it sitting in bank accounts or issuing dividends to investors. He went on to show how corporate tax rates influence economic growth: higher taxes essentially force companies to purchase new equipment, offer bonuses to employees, hire more employees, and invest in other parts of the economy. The result is that most companies do not pay any corporate profits taxes. But when you cut those taxes you incentivize savings, rather than economic growth.
Every single on of the other speakers at the forum, even the 3 Republicans, agreed.
So...why should anyone who works for a living support corporate tax cuts? (I asked during the Q and A). Their unanimous answer: they shouldn't.