Talk of The Villages Florida - View Single Post - July Jobs Report
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Old 08-05-2012, 01:22 PM
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creating more job opportunities is good....I do believe we can all agree on that, I think!

Cutting corporate taxes is good? or bad? It depends on some basic information which is normally not given consideration.

How about stating one aspect of reducing corporate taxes, that would result in an increase of tax revenues for the federal government? How about that specific corporate tax rate reduction resulting in many more millions of dollars being spent on manufacturing in America? Again from that same specific reduction in tax rate hundreds of thousands of new jobs in manufacturing would result?

That is the potential that could be realized if the corporate tax rate on earnings from overseas operations were reduced. Instead the rate is sufficiently high enough for American companies to keep up to trillions of dollars over seas and not repatriating any of the earnings.

It has been going on for years. Does it make sense?
Now how many Democrats in Washington will ever stand and be counted to reduce the corporate tax rate on repatriated funds? The past would suggest none or not enough.

Yup it makes much more sense to have as an example a 20% tax rate times nothing yielding nothing to add to the desperately need tax revenues. And again strictly to highlight the same example.....let's REDUCE that tax rate to 10 % (and for those who like to trumpet bigger numbers.....a 50% reduction!!!!!!!!!!!!)....now we could have 10% times hundreds of thousands up to trillions of dollars new tax revenues to add.....hundreds of thousands of dollars to now be spent here in the USA.

Makes sense doesn't it? Of course it does just like all the other issues that could be fixed in the EXISTING tax laws........but just like all the other fraud, cheating, stealing continuing and smart things to do to help fix America being ignored because of politics.......very specifically voter protection....special interest protection, lobbyists protection and most importantly self re-election protection.

By the way this subject may not be of interest to some as it does not require an R or a D to determine if it is OK or not......really....try it.

btk