Quote:
Originally Posted by TheDoc
Corp tax being cut before didn't spark job growth, all of us paying the lowest amounts in history hasn't sparked job growth, the top corps pay far below the line already - easily half of it and often zero.... how and what logic supports the theory that jobs would happen?
How does cutting corp tax create demand for products? The actual reason why corps need/want and do hire...
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I was hoping someone of intelligence would ask this but you'll do as a foil.
We live in a global economy. like it or not, those are the facts. Smarter, hungrier countries are luring corporations to them with low or no corporate taxes. With them go jobs. Thinking that we're somehow going to teach GE a lesson and "close their loopholes" is silly. There are too many stable, business friendly countries to set up shop in and we're seeing it happen daily.
The bright side is that there is no better place to do business than in the US and all things being equal, corporations WANT to do business here. So we need to make all things equal.
Eliminate corporate taxes for companies headquartered in the US. Tweak the rules a bit so that the corps MUST bring jobs back with them and our jobs problem would be over. Putting all those people back to work fixes the economy and makes up for the lost revenue. Its a simple easy fix but obama and the left can't do it because they've spent their entire lives explaining to the rabble how evil corporations are.
Minte, what do you think of that?