Sunday, June 22, 2014

Corporate Taxes Make No Sense


                       
All politicians want the creation of jobs. Some of them want corporations to pay their “fair share” of taxes while producing work openings.
                       
But U.S. corporations pay more corporate taxes than all others world-wide.  So how are they to compete in the world markets?
                       
Furthermore, our Keynesian politicians spend and spend and print  more paper money to stimulate the economy. Yet, U.S. corporations have well over $1.7 trillion in overseas earnings that they do not bring back because those earnings, already taxed overseas, would be taxed again by Uncle Sam.

A reduced U.S. tax rate would provide much of those funds as a genuine stimulus. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at twitter)

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