Quote:
Originally Posted by Guest
Dear Guest:
Once again may I offer an alternate explanation. The corporate inversion of which you speak are because 1) the US has the highest corporate tax in the world 2) profits earned overseas would be taxed a second time if brought back stateside. Progressives encourage and in fact pay illegal to come to this country and fight such things as voter ID to buy votes. there selfish interests cost American workers jobs. Unions both private and public make demands not commensurate with increases in production or performance thus reducing America's competitiveness. As to Republicans shift to the right
perhaps you haven't notice but Obama is further left than Bill Ayers making neocon look like moderates.
As to blame frankly I am sick of the blame game its a waste of time and energy. I am looking for leadership that focuses on solutions
I am no fan of Trump but Trump is a zillion times better by any measurements than Obama. Obama the Terrible is a walking disaster. I take no pleasure in making that statement because this nation needs and deserves quality leadership but I am not convinced it exists in America any longer.
finally voters should ignore party politic and unite against cronyism and incompetence we call our government.
Personal Best Regards:
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The effective corporate is up there among the highest. It is about 27.5%. The difference in corporate taxes between countries isn't enough to move production overseas. Concerning the foreign profits being taxed twice, that is not completely right. The second time is not at the full domestic rate. The amount paid overseas is deducted in full.
http://taxfoundation.org/article/how...n-income-taxes
Wages overseas especially in Asia is the reason that US companies are moving their production over there. Wages make a far great portion of costs than the corporate taxes. If the corporate tax rate is lowered, that isn't a guarantee that companies will move their production back to the US.
30% of US corporation are "S" corporation. So, they are taxed at the personal tax rate.
Trump is talking about high tariffs, and sales taxes to make more expensive overseas labor. He hopes that this will force US companies to move production back to the US, because the effective rate of low wages will be offset by the high tariffs. I don't think that he has mentioned lowing the corporate tax rate to bring production jobs back here.
Things haven't entirely changed from what they were during our days in the work force. Companies move to the south, because of lower wages, and energy costs. They are moving out of the country for the same reason.
I really haven't noticed Obama shifting that far to the left. You are right there. On Morning Joe this morning, they called him a moderate Democrat. I guess they are comparing him to Sanders.
All kidding aside without going overboard on your criticism, can you bring me up to date on his far left agenda? Single payer health insurance is far left. Obamacare is a liberal program, but not far left.