Quote:
Originally Posted by billethkid
.........The jobs creation problem is very easy to ignite...it cannot and will not be done by those with political agendas in general and Obama's agendas in specific.
Those trillions of dollars of profits sitting off shore are there to avoid the current tax structure for repatriating those profits back to the USA. It has been discussed and summarily rejected each time to reduce the corporate tax rate for expatriated profits. That translates into the ignorant conclusion of doing corporations a favor. Really? A lesser rate on trillions of dollars equals a substantial amount of money to be paid in taxes and significant millions/billions of dollars back in America to be invested in America. VS the current rate times zero dollars coming back = zero.
Someone help me understand why the business as usual makes sense?
btk
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This is key (in bold above) and it's exactly why people are responding so much to the flat tax proposals coming out among the republican candidates.
Plus, the U.S. would become a business and entrepeneurial haven, producing jobs, jobs, jobs, if the current tax sucking structure were abolished and replaced with low corporate taxes.