Quote:
Originally Posted by Rangermoore
Wow, I finally agree with something obama wants to do.. The companies that choose to move their operations offshore should be taxed to the hilt for moving jobs away from Americans here at home..   |
except for the fact that we are a global economy where a company in New Jersey has to compete with a company in Bejing China with different tax rates, labor costs etc.
These stories always end the same. The intent is to raise revenue and it pushes more revenue offshore, kills jobs and lowers revenue to the government. We already have the second highest corporate tax rates in the world... and now that will again go up... and somehow you think thats going to benefit the economy and nation.
The most you can do is create the most attractive business climate possible so that people will take advantage of it. So congrats to pushing more money out of the economy and more jobs offshore in the middle of a major recession.