"Recovery Summer"

[scottw]

Originally Posted by spence

I've never said we can justify having the highest taxes,
I don't think anyone claimed that you did
but that we can justify having higher taxes as the US is a desirable place to do business for many industries. this is absurd, there are plenty of states that "justified higher taxes" thinking they were desirable places to do business and they are watching as businesses and people leave in droves right now

Certainly taxes are a factor (one factor of many) in where companies operate, QUOTE=spence

QUOTE=spence Perhaps more importantly, lower taxes aren't always going to be a deciding factor in a global economy. Many companies want to develop products locally to suit specific tastes. With an increasing cost of energy and transportation production will be kept local as well. are they a factor or aren't they?

but right now the effective corporate rate in the US is just over 25%, putting us lower than many industrialized nations including Canada, India, China, Brazil, Japan, Italy and Germany.

Clinton when did Clinton become president again? is throwing the GOP a bone in an attempt to be a deal maker and at the same time take away a key Republican talking point. Lowering the Tax rate from 35% to 25% while removing deductions will produce nearly the same tax revenue according to the GAO. no need to bother then

If it will even out how taxes are collected it's probably a good thing to do. you just said it will produce the same revenueThese stories of corporations paying little or 1/2 the statutory rate is silly. -spence

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