Federal taxes are at
historic lows. We continually give tax breaks and subsidies to companies that are making obscene profits. 26 large corporations
paid no federal taxes in 2011.
10 of the most profitable companies in the US paid 9% in 2011. We're not taxed enough already.
I do agree that we need to "trim some fat". Let's start by closing bases in Europe, stop making planes the military doesn't want and can't use because they can't fly in the ******* rain, and reduce our nuclear arsenal. Do you have any idea what the cost of maintaining one nuclear missile is? Do you know how many we have? You should look into it, I'm tired of doing all the work for you (especially since you'll ignore it all anyway and try to make some pithy response (that usuall isn't, BTW))
I agree with you on closing bases. But I would tell the host country that if they want us there to protect them, then they will have to pay the entire cost of the base.
As to corporations and "obscene profits" Oil companies average 7-8%, defense contractors average 7%, big pharma averages 25%, software companies average 20%. But only oil and defense are characterized as making obscene profits, why is that?
If you dont like the tax code, blame the party that has controlled congress for most of the last 75 years---the democrats.
another point, tax credits and deductions are not subsidies. Subsidies are direct payments from the govt. Farmers get subsidies to let their land sit idle in order to keep prices up.
another point---corporations do not pay taxes, consumers pay taxes. corporate taxes are passed along to consumers in the price of the product.