Quote:
Originally Posted by 12clicks
Newt is the smartest guy in the room (for either party) and I think hid plan includes eliminating (or drastically reducing, I don't remember) the corporate tax.
Eliminating that tax would cure the jobs problem AND the economy.
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This is BS imo. The US already has low taxes, lower than most OECD countries. The thing that republicans have trouble understanding is that trickle down doesn't work and cutting taxes doesn't always bring about more employment.
Neoliberalism gave us cheap TVs and iPods but it has destroyed manufacturing. That's not coming back, high levels of long term unemployment are here to stay.
Corporations won't save the USA, helping small businesses is much more beneficial because they do employ locally and won't be sending their workforce to China or setting up their tax base in Ireland.