Quote:
Originally Posted by blackmonsters
No!
I'm not revisting failed plans that were only conceived by the greedy.
We can start slapping penalties on companies operating outside the counrty
rather than bow to them.
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The way I am reading it the Reagan cuts lowered the corporate tax rate from 46% to 34% in 1986, but there were so many loopholes in the system companies were able to find ways around paying.
I'm not saying we just offer them the world, but if you penalize them won't they just leave the country completely? Then you start to get into a protectionist state of mind where you would have either tariff their products to the level that those companies couldn't sell them in the US and it would leave the US based companies to control the market or you would have to flat deny them access to our markets. That could open up a whole new can of worms.
I'm simply say we could offer a hybrid. Tell them they can have the lower tax rate so long as they agree to bring a certain percentage of there jobs to the US. This could give them incentive to bring jobs back to the US and give them a lower tax rate. You could also put in a provision that stated that the majority of new jobs the company created had to be in the US in order to maintain these rate. Give them a reason to want to come back, not a reason to leave.