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Originally Posted by Minte
I hope that the people that are so in love with this administration read this article.
One of the *loopholes* that not many are aware of is rapid depreciation. Without that, it would be very difficult for manufacturing to continue to invest in more equipment. We are already facing a real challenge against Chinese labor. Without the tax credits we have taken advantage of it's unlikely I would've been able to hire as many new employees.
People think that gains and income tax is the same thing. It isn't.. And I am fairly certain that in the next few months the country will get an education on business 101. Then they can really make up their minds as to who is right.
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the issues with manufacturing jobs has more to do with China than tax breaks..
manufacturing jobs are not coming back to the US until the govt raises taxes on imports or people in the US become willing to work for $2 an hour...
regardless of who is in the white house next term, this country is economically fucked..
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