We've had a few readers ask why Congress wanted to lower corporate tax rates in the US. In particular, US corporations already have record-setting profits--why do they need more money? Should we, instead, be raising taxes on corporations? Indeed, plenty of articles make the case that the corporate tax cuts won't create jobs at all.
The problem with these articles is that their counter-arguments are all arguing against the wrong argument. The logic behind a corporate tax cut is not in fact, "more corporate profits will mean more jobs."
If that's not the argument, what is?