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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRand Paul is full of shit...
He wants to cut taxes on corporations so they will bring their jobs back to America? So long as they save millions on labor costs abroad, it doesn't matter if their tax rate is zero over here. They don't follow the flag - they follow the dollar.
When our labor costs equal those of China, Indonesia, and Vietnam, then corporations would be inclined to bring their jobs back to America, if they can get zero tax rates. Meanwhile, people cannot even find a job at McDonalds or Walmart. The "government is the problem" because the politicians, both Parties, are tied to the almighty dollar and their lust for power. Neither of them will address getting money out of our political system. Until they do, they all suck and voting for any of them only encourages the present system to continue screwing the American people.
zappaman
(20,606 posts)His dad too.
Rex
(65,616 posts)nt
longship
(40,416 posts)Vinca
(50,269 posts)Man from Pickens
(1,713 posts)many of those big corps pay zero tax or even negative rates - how do you cut a negative rate?
olddots
(10,237 posts)Misguided is a good word for libertarians .
11 Bravo
(23,926 posts)stevenleser
(32,886 posts)cigsandcoffee
(2,300 posts)cigsandcoffee
(2,300 posts)ASPEN, Colo. President Bill Clinton says the nations corporate tax rate is uncompetitive and called for a lower rate as part of a mega-deal to raise the debt ceiling.
When I was president, we raised the corporate income-tax rates on corporations that made over $10 million [a year], the former president told the Aspen Ideas Festival on Saturday evening.
It made sense when I did it. It doesnt make sense anymore weve got an uncompetitive rate. We tax at 35 percent of income, although we only take about 23 percent. So we should cut the rate to 25 percent, or whatevers competitive, and eliminate a lot of the deductions so that we still get a fair amount, and theres not so much variance in what the corporations pay. But how can they do that by Aug. 2?
KamaAina
(78,249 posts)Yo_Mama_Been_Loggin
(107,957 posts)But thank you for highlighting the fallacy of his libertarian bullshit.
BTW this so called libertarian is anti-choice.
Enrique
(27,461 posts)like Brownback brought to Kansas.