Friday, November 5, 2010

CONGRESS KEEPS MONEY AND JOBS OFF SHORE

     Its the same old game thats been played every election cycle. The other guy voted to give tax breaks to corporations that send jobs off shore. Its bull. If this is our problem as they keep pointing out, then why haven't they fixed it?

  The fact is that big business does and should have plants in other countries and the profits they make there are not taxed until they bring the profits to the US which charges a tax of 35 % to do so. So the profits stay in other countries and creates more jobs and liquidity there instead of here. US companies have one trillion dollars in profits sitting in other countries and it could be put to work in our country if the idiots in congress reduced or eliminated the tax to something more reasonable like 5 % .We all win.  More jobs here,more free stimulus , more liquidity and more revenue to the treasury.

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