Comment taxes are on profits, yes? (Score 1) 1505
I'm not sure I understand the position being put forth by a number of people here, which I'll paraphrase as:
"Corporations will have to charge more/cut back in order to afford this tax."
But this is a tax on corporate profits, not on overall revenue. This would predominately affect things like dividend distributions, as opposed to product costs.
Whether this is a good or a bad thing is separate, but it seems like we shouldn't be confusing the issues.