There is an enormous, tiresome and tedious dishonesty in talking about “handouts to corporations” in an ahistorical way and extracting them out of the context of liquid capital.
Cutting corporate tax rates is an attempt to attract and retain liquid capital for a nation-state. Before capital became fully liquid, the nation-state had other ways of making itself attractive to it. After it liquefied, nobody has come up with any alternative than reducing tax rates. Seeing the reduction in corporate tax rates as an evil conspiracy of the rich and the dishonest politicians is childish. It makes for nice slogans and cute memes but it’s divorced from reality. And you can’t change the reality if you refuse to see it.
An enormous change in the capacity of capital to transcend national borders and make the nation-state redundant occurred starting in the 1970s. It’s an undeniable fact of objective reality that has to be dealt with. I’d love to hear what the progressive forced want to do about it. I’d love to work on a solution together. I’m sure it exists but we need to start looking for it already.