Booker’s corporate tax flip-flop is typical but no less infuriating for it

Less corporate taxes = more economic growth, Save Jerseyans.

That’s good for everyone (since most of us work for corporations of one stripe or another), and corporate tax restructuring is consequently a part of both competing tax packages heading for reconciliation on Capitol Hill this Christmas season. The new rate could be 20%! An objectively great thing.

U.S. Senator Cory Booker (D-New Jersey Twitter) believed that, too… until he didn’t.

Last week? Booker was playing towards the 2020 Democrat presidential primary and the base that will pass judgment on his aspirations, dismissing the proposed GOP corporate tax cuts as a “fantasy,” “insanity,” “folly,” “unfair,”and, for good measure, “fiction being foisted upon the American people” in “bad faith.”

“Some of my colleagues are going to argue that this bill, giving a trillion dollars to corporations, will somehow result in a trickling down of things like raises for workers and somehow creating new jobs. But, to me, this is a fantasy,” Booker declared in his November 30, 2017 floor speech.

In January 2015? When he was sworn into the U.S. Senate for a full term? He repeated his long-expressed goal of pursuing lower corporate tax rates.

In October 2014? Booker panned the United States’s 35 percent tax rate for damaging American competitiveness abroad.

In February 2011? “I’m a big believer that you should give tax breaks on those people who are creating wealth,” he told MSNBC’s Lawrence O’Donnell on February 22, 2011. “We’re driving businesses out of our nation right now, putting them overseas.” 

His history of flip flopping is notorious and extensive, Save Jerseyans (remember when he defended private equity/venture capital then flip flopped?), and it’s gotten worse since his national aspirations broke into the open AND the Democrat base has jumped off the rails.

It’s the behavior of a man who believes in nothing except for his own advancement.