Quote:
Originally Posted by TheSquealer
Why do you think he wants to lower taxes with the stated purpose of creating jobs? I thought there was no correlation to job creation and tax rates and corporations need to pay more?
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don't be intentionally obtuse. He is not talking about lower taxes on corporations just for the hell of it and this will create new jobs... That is a fallacy plain and simple. The point is giving tax breaks to companies who actually create jobs in the US. Do you see the difference?
One philosophy is give companies huge tax breaks and they will miraculously shit jobs for Americans all over the place. Complete fantasy.
What the administration is talking about is providing tax breaks for companies AFTER they have created actual jobs here in the US.
I cannot stand Obama for a lot of different reasons than the usual opinions expressed here but I happen to agree strongly with this idea. I have no problem giving substantial tax breaks to any company that creates jobs here and even bigger breaks to ones that offer a decent benefits package to their employees. Look if a company creates good paying, living wage jobs in the US then I dont have any problem kissing their asses until they glow like a runway light. However the trend appears to be 'big US company gets tax breaks and outsources overseas'.
I'll go one step further and say that any company that manufactures here should pay no corporate income tax as long as 100% of their goods are manufactured here in the US. So companies that purchase 'parts' from overseas manufacturers would not get this 100% tax break