Con to the question "Does Lowering the Federal Corporate Income Tax Rate Create Jobs?"
"The now-familiar objection to a tax increase on corporate profits is that it will discourage private investment and thus dampen job creation. The retort is just as obvious: since when have tax cuts on corporate profits led to increased investment, faster job creation and higher per capita consumption out of rising real wages? It didn’t happen after the Reagan Revolution, it didn’t happen during the Clinton boom of the 1990s, and it sure didn’t happen under George W. Bush. Nor is it happening now, as corporate profits soar and full-time job creation languishes. American corporations are now sitting on $4.75 trillion in cash, according to the Federal Reserve Bank of St. Louis.
The other well-worn objection to an increase of corporate income taxes is that it would encourage companies to invest and hire overseas, where tax rates are presumably lower. Here, too, the retort is obvious: the tax code already works exactly this way by postponing taxes until profits from investment overseas are repatriated. American companies routinely avoid taxation by moving their idle cash offshore."
"If Companies Are People...," nytimes.com, Apr. 14, 2013
Against Thrift: Why Consumer Culture Is Good for the Economy, the Environment, and Your Soul, 2011
The World Turned Inside Out: American Thought and Culture at the End of the 20th Century, 2009
Pragmatism, Feminism, and Democracy: Rethinking the Politics of American History, 2001
Pragmatism and the Political Economy of Cultural Revolution, 1850-1940, 1994
Origins of the Federal Reserve System: Money, Class, and Corporate Capitalism, 1890-1913, 1986
Currently writing two books on the "intellectual revolution in the pilot disciplines of the postwar university, particularly in history departments" and the "fetish of work in every current incarnation of critical theory, from Marxism to psychoanalysis," according to his faculty website at Rutgers University