Corporate Favoritism

Corporate Favoritism occurs anytime a business or class of businesses receives special, favorable treatment in tax law, regulation, or direct or in-kind subsidies that other businesses do not receive. Income tax law is replete with such special carve-outs. While it is arguable that corporate income taxation should cease, re-emphasizing dividend payouts by eliminating double-taxation, all businesses should be treated equally by the government in order to minimize economic distortions, which misallocate resources and make us less prosperous. Justice demands such equality.