Comment Corporate taxes are hidden taxes, and evil (Score 1) 825
Corporate taxes are really just a way to tax individual shareholders, employees and customers, but without any of them noticing that the money is coming out of their pockets. Taxes are necessary, but hidden taxes are evil. Taxes should be visible, so the taxpayers know what they're paying and can weigh it against the value they receive, to decide if they're getting good value for their money, and vote accordingly.
This particular proposal is a great example. Obama wants to go after this particular pool of money because to American taxpayers it appears to be "free" money. It doesn't cost them anything... or at least that's how it looks. I suppose to the extent that this is taxing foreign income generated by foreign workers producing goods and services for sale to foreign customers, it is "free". The only Americans who will be hurt are the Americans who are shareholders in the targeted companies, and there are also plenty of foreign shareholders. So to the extent the money is all foreign, it's taken from foreign taxpayers, which is, if anything, even more insidious.
We do need to maintain our infrastructure, and we should pay for it. But up front and in the open.