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Originally Posted by Pleasurepays
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.
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I think you have it backwards. Why should anyone get a tax break for sending work outside the company?
The way it stands right now is we are rewarding American companies for fucking our economy. We are sending jobs to other countries, not hiring Americans, and getting a tax break in the process.
I'm tired of this crap. I had to Countrywide last week. It took me four tries to get through. When I did get through I got someone who was obviously in India. The connection was horrible, the person barely spoke English. So instead of hiring five hundred Americans to run their call center, Countrywide is saying "Fuck hiring Americans", is fucking our economy, and getting tax breaks for it? (Don't tell me about the costs involved in running a large call center. Before I worked in adult I managed a call center with hundreds of employees. I know the costs are staggering.) We should be nailing any company that uses employees outside the country and taxing them double.
Our tax system is a fucking joke. I just paid my taxes; I can see what I made and what I paid in taxes. We have so many loopholes in our tax system that it's no longer funny. Only idiots pay taxes.