Corporate Tax Breaks

The Republican idealism that “job creation” will be fostered by giving tax breaks to corporations is not a realistic proposal to create jobs. Corporations that receive increased earnings from proposed tax breaks will not utilize this gain in revenue to create jobs but will add more profit to their yearly earnings.

AT&T;’s recent announcement of the pending layoff of 40,000 employees gives credence to the reality that corporations are interested in profit only, and the stockholders must have been thrilled; AT&T; stock increased due to this announcement. AT&T; admits it is profitable but must lay off workers to “stay competitive.” How many millions or billions of dollars in profit are enough for these corporations to “stay competitive”?

SANDRA L. MacSWEEN

Downey