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poorgradstudent

03/29/11 1:05 AM

#117162 RE: Imclonian #117137

OT:

A lower US corporate tax means:
-Enticing US and global corps to move their HQ's back to US.
-Moving more HQ's or manu facilities means more jobs.
-More jobs means more tax revenue.
-More tax revenue means lower deficit.
-All of the above means more true economic growth (no artificial stimulus growth), a prevention of a further US dollar collapse, and hope that the debt can get chopped.



You forgot the 6th point:

- Companies lobby for newer ways to escape the recently reduced corporate tax levels.
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dia76ca

03/29/11 12:28 PM

#117177 RE: Imclonian #117137

Or you can move your company to Ireland where the corporate tax rate is 13%(a lot of good it did)...or just stay in the US where Warren Buffet's secretary pays a higher tax rate than billionaire Buffet!