Quote:The Corporate income tax is 35% in the United States. Other developed nations are nearing 20% and lower you really think you're going to attract ANY business to the United States when we're nearly DOUBLE what the rest of the world is in tax rates. If something isn't done you'll have a real job crises in about 20 years if not sooner.

 

You're logic seems faulty to me.  We've had the highest tax rates for quite some time...  We don't have any problem attracting businesses here.  We have a stable political system, educated workers, no unions (essentially), a relatively well designed infrastructure, paved roads, police to protect property, and I could go on.

 

You don't see tech companies flying out of the US.  You see auto companies moving into the south.  You see alot of growth for wall street companies even with a 35% tax rate, again the effective tax rates of these companies is significantly smaller than that, as I referred you to earlier.  

 

The issue is whether one wants to honestly buy the corporate line.  If you fall for the supply side theory of economics, you'll freak out that poor little corporations drive our economy.  The fact is, we live in a demand driven economy.  Consumers, not corporations create wealth and jobs.  Corporations just try to capitalize on the profits.

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