Amazing how many foreign socialists have figured out economics while our current Administration remains clueless:
Canada is poised to cut its corporate-tax rate to 16.5% on Jan. 1, part of a decade-long campaign that some experts say is making the country one of the most cost-effective places to do business in the developed world…
Meanwhile, we stagger along with one of the highest corporate tax rates in the world – because our liberals hate the big, evil corporations. Well, liberals, I don’t like them, either – but when you tax a corporation all you do is punish the workers and consumers: corporations don’t pay taxes. They pass the cost on to the consumer – either in the form of higher prices or, in our increasingly global economy, by moving the consumer’s jobs to foreign lands. There should be a big, fat ZERO corporate tax in the United States – tax the income of corporate bosses if you really must play the class warfare game, but don’t tax the income of corporations…it is counter-productive.
Unfortunately, as long as Obama is President, we have no chance at all of getting this right…
Blogs For Victory 