I read in the Nov. 26 Opinion section that reducing corporate taxes will help Utah workers. Joe Tomon’s commentary about Procter and Gamble, which has a plant here, says if we only reduce those taxes to what the rest of the world corporations are paying, it would then put P&G, and the rest of the giant corporations on an even playing field.
The problem with Tomon’s argument is I didn’t hear one word of wages going up, benefits expanded, better working conditions. All I read is that the corporation would do much better. Which means in nondisclosure terms, I and the rest of the executives will be receiving large stock options and benefits, not to be shared with our employees.
Mr. Tomon, if you’re going to be a front man for one of these multi-national companies, you need to study what actual working people care about: better wages, better retirement, better working conditions. Not some pie in the sky, corporate byline that everyone will do better if corporate does better. Statistically speaking, none of your argument holds water. Trickle-down economics does not work for working people. Especially with this tax hike for working poor and the poor.
If you don’t believe me, look at where all the tax hikes are coming from: Medicare and Medicaid, from school loans, from raising working families’ taxes from 10 to 12 percent. These are not my facts. That’s what the Tweeter in Chief and his bag of merry men are proposing.
And please do not throw up your poster child: small businesses will benefit. They always take it in the shorts as well.
If you’re going to be honest, then call it what it is: a tax break for the 1 percent, not the 99 percent. And Mr. Tomon, if you fall in the 1 percent, then you will be better off than the rest of us, who will pay for you tax cut.
Charles Glaser, West Valley City