Wednesday, December 8, 2010

CORPORATE TAXES GOOD OR BAD ?

   Those on the left love to attack our corporations accusing them of being greedy at the expense of the working man. They love to punish them with the second highest corporate tax rates in the world then criticize them for moving off shore. Ask yourself, if you lived in an abusive family, and had the means to do so, would you stay or leave?

  When we use punitive taxation we only hurt ourselves. First the tax on US companies is just added onto the price we pay on their products sold in this country , so in essence we just increase our own taxes. Second the corporations are much more likely to put new facilities in other countries where they are welcomed with lower tax rates.

  So , does big business take jobs offshore or does our government push them offshore?

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