To the Editor:
After the debate, I viewed Trump's economic proposals for corporations, and I was shocked! The Economic Policy Institute ( EPI) reports that since 1952, corporate profits as a share of the economy have risen way too fast, while corporate tax revenues have greatly fallen in a negative correlation close to -1.00 in comparison to corporate profits!
Let me explain this injustice to taxpayers and small business! According to EPI, since 1952, profits went up from 5.5 percent to 8.5 percent, while tax revenues from 5.9 percent to just 1.9 percent, and the recession years between 2010 and 2015 saw corporate profits at an average of 9.2 percent of GDP, while corporate taxation averaged just 1.6 percent!
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Do not play Trump's gain and that of the GOP, as small business and you are on the hook! This scam must end! Raise the taxes to be fair to you!
Bill Weightman, Hardyston
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