Uglysasquatch, Mercenary Major wrote:
varusword75 wrote:
Lagaga,
Because you like unemployment being so high?
Eliminate all corporate taxes
That won't get them to invest in America. That'll give them more money to invest elsewhere.
While I'm not arguing for zero corporate taxes here, your response is somewhat absurd. It can only give them "more money to invest elsewhere" if they already had money invested in America. Think about it.
Everything else staying the same, if a company gets to keep more of its profits it generates in the US, it will invest more of its business in the US. I'll point out again that if the "all or nothing" mentality you seem to assume is the case were really true there wouldn't be any corporate employment in the US right now. Clearly, even at current costs and tax rates, there are corporate jobs in the US. It stands to reason then that if we reduce those costs and those taxes that there will be more jobs.
Why would you think otherwise?
Quote:
They need a reason to put that money in America, as opposed to somewhere cheaper and corporate taxes aren't it.
And decreased taxes in the US isn't a reason to put that money in America? Again, it's not an all or nothing proposition. Your clearly missing something in your premise.
Quote:
Tax credits may not be the answer, but 0 corporate taxes aren't either. 0 corporate taxes may help get them to relocate corporate offices, but the bulk of the jobs will still be elsewhere.
I'll ask again: Why are there any corporate jobs in the US at all today then? You're missing something, and it's a big piece of the puzzle. The reality is that the gulf in terms of cost to operate a business is not as great as you think. A seemingly small nudge in one direction can have significant impact on domestic job creation.
Edited, Sep 15th 2011 4:13pm by gbaji