Corporate Taxes....‏

Last year we were told corporate profits were the highest on record. http://www.nytimes.com/2010/11/24/business/economy/24econ.html


Six months ago we were told Corporate America is hoarding over 2 Trillion Dollars.
http://www.nypost.com/p/news/business/hoarding_cash_Yzfk2c8aK1wAPrZCRdEVnJ


Today Obama is trying to convince everyone the problem with the US economy is corporate taxes are too high. If only corporations didn’t have to pay so many taxes they would be opening new factories all over this country.

If their tax rate was lower they wouldn’t be inclined to hire 13 year old Chinese girls who make $260.00 a month, working 12 hours a day, 6 days a week. If only taxes were lower they would be happy to hire Americans at 50 grand plus benefits.

The problem this whole time has been taxes. Who knew…. The problem of 15 trillion dollars in National debt is somehow going to be fixed if corporations pay less taxes. Don’t try to make sense of that logic….. Just accept what Obama is saying is true.

In order to follow American politics you must ignore all common sense. Just nod your head and smile. If you think for yourself you may conclude they are all full of sh*t.

http://www.bloomberg.com/news/2012-02-22/obama-to-ask-congress-to-lower-corporate-tax-rate-to-28-remove-loopholes.html

Representative Dave Camp, a Michigan Republican who heads the House Ways and Means Committee, has released part of a proposed corporate tax overhaul. Camp proposed a 25 percent top rate and changes to the international tax system that would let companies avoid paying U.S. taxes on most of the income they earn outside the country. How is that going to encourage companies not to sent jobs overseas? They really think we are all just stupid.