Congress doesn’t just think corporations are people; it thinks corporations are better than people. Rep. Kristi Noem “worked hours” to produce tax cuts that are permanent for corporations but temporary for workers and families. Big businesses (including the Trump empire) get their new lower 25% pass-through tax rate on their millions now, but mom-and-pop shops don’t get a lower 9% rate on their first $75K until 2022.
And in one more dig at non-businesspeople, see Section 1303 of the House bill, “Repeal of Deduction for Certain Taxes Not Paid or Accrued in a Trade or Business.” Individuals no longer get to state and local taxes, but businesses do.
I understand the legal argument that corporations are people. But can someone explain to me the moral or practical reasoning that justifies giving corporations tax favors that real, natural people do not (or soon will not) enjoy? What do corporations do that entitles them to be treated better than their workers and customers, the people who make their existence possible?