It appears that remedial economics needs to be taught to all congressional Democrats, most journalists, the CBO, many economists, and liberal think-tanks so they can learn what corporations will do with their 14% rate cut and how the economy will be affected along with government revenues throughout the United States.  The corporations will spend it, invest it, or save it.  It appears that a significant portion of the 14% will be spent on wages and bonuses.  When those wages are paid, the federal government will get between 10% and 37% in income taxes.  It will collect  up to 12.4% Social Security taxes and 2.9% Medicare taxes.  States will all collect their income taxes, then the employees will spend a significant portion generating additional sales and other taxes throughout the U.S., and then those businesses where they spend the money also generate many taxes.  The  overall tax take for government is much higher than the 14% cut....(Read Full Post)