You really think that the savings will actually be passed onto the consumer rather than the company gobbling up that extra value? Also, if taxes are lowered on businesses, the tax burden will be passed to the working poor/middle class.

> You really think that the savings will actually be passed onto the consumer rather than the company gobbling up that extra value?

Absolutely yes. Compare gas prices in countries with high taxes on gas and countries with low taxes on gas. Compare products that are subject to vice taxes. It is not hypothetical, it's reality.

> Also, if taxes are lowered on businesses, the tax burden will be passed to the working poor/middle class.

All taxes on businesses are passed onto the consumers already. For businesses that sell products and services that everybody uses, that means the taxes are passed on the working poor and middle class. The only way to have taxes explicitly excluding the poor and middle class is to have tariffs on luxury goods, and maybe vice taxes since those products are not essential.

There's no doubt that many company owners would try to use any tax reduction to make more profit for themselves, but that leaves space for competitors to take market share.