Planet Money did a series on "policies economists would love and politicians would hate". One of their biggest suggestions was "eliminate the corporate tax rate and significantly raise income taxes on the high end". For exactly this reason, as well as what is said here https://news.ycombinator.com/item?id=8087103
The more money a company has, the more money they can use to employ people and be productive. The general public usually gets upset at what they see as severe profits to a corporation, but in general those profits aren't being "wasted" on the rich until they draw them out in salaries or dividends. It makes more sense to simply tax them at that point (at least, according to NPR)
It's worth noting that it's not corporate revenues that are taxed but corporate profits. Money that corporations use to hire people is not taxed at the corporate level.
That said, "[t]he more money a company has, the more money they can use to employ people and be productive" is still true and relevant because money is fungible. It is just less extreme than if corporate taxes were applied to that money as well.
The more money a company has, the more money they can use to employ people and be productive. The general public usually gets upset at what they see as severe profits to a corporation, but in general those profits aren't being "wasted" on the rich until they draw them out in salaries or dividends. It makes more sense to simply tax them at that point (at least, according to NPR)