I keep hearing from Republicans that eliminating tax breaks and loopholes for corporations will cut jobs. The truth is that corporations are experiencing huge profits, and are not hiring. I did a quick and dirty chart over at Fred to illustrate this:

if I had the time I’d look into sector breakdowns and who is currently enjoying these tax loopholes – maybe someone else wants to do it?

Here’s another way of looking at it:

The profits are also not being passed on to employees: The long-term perspective below shows the degree to which the working man is currently getting the shaft:

(These later two charts are via)