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To: hedgetrimmer
Don't be confused by large international corporations paying low or no tax rates. The businesses being hit the worst are the medium and small sized ones who make the most jobs for US citizens. They can't offshore their most lucrative subsidiaries (and their well paying jobs) to avoid taxes in most cases. Instead, these companies are forced to pay the 30-40% tax on profits to the Federal and State governments. That's money that won't be used to hire people and expand business.

Where you get this 'free trade lie' stuff, I don't know. So you think the US having among the highest corporate tax rates in the world is just some sort of joke? Illinois where I live jacked their corporate tax rate up by 67% this January and have lost 89,000 jobs since then with unemployment going up a full percentage point. The US in a microcosm. Bet you think that is a laff riot, too since you clearly haven't actually thought it through.

100 posted on 08/29/2011 8:54:20 PM PDT by Post Toasties (Leftists give insanity a bad name.)
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To: Post Toasties

Let’s say Uncle Scam did find a way to make GE pay 35 % or so on their corporate taxes. GE would simply pull up many or most of their remaining stakes in the US and throw tens of thousands more Americans out of jobs. Only a mentally ill hyena or a Leftist would find that funny.


101 posted on 08/29/2011 9:14:19 PM PDT by Post Toasties (Leftists give insanity a bad name.)
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