What am I thinking! You're right. Tax cuts don't help working people. Let's go ahead and crank those personal and corporate rates right back up. What do you like? Maybe a 35% minimum, then index it up to 65% for those scumbag rich guys? That would sure show them. I bet they'd just swallow that increase and pony-up those dollars. And the corporations too -- I bet they'd just say "hey shareholders, we got hit with a tax increase that decreased our EPS 60% but it's ok because we want to pay our fair share." Of course, when those stocks bottom-out it won't be the CEO's paying -- it will be the suckers who invest in the stock market.
Now let's go back to reality. Where do tax dollars come from? From working people and from successful corporations. When people get taxed more, they don't have the money to spend -- the government wastes it instead. For corporations, it's even worse. No company is going to tolerate an EPS loss without a fight. And that means more offshoring, more "tax technology" (that's what they called it at GE), more price increases, and more headcount reduction.
Why do people have this naive notion that the goverment can actually "give" anything? Goverments can destroy wealth (useless programs) and they can try to transfer wealth, but at the end of the day it's the working guy who gets stuck with the tab. It's unfortunate, and I'm not saying it's right -- but it is the economic reality we live in.