^ Except that the business media is reporting that large businesses are sitting on unprecedented piles of cash, reporting record earnings. Did you know Reagan raised corporate tax rates and they’re less now? I don’t go along with the more tax cuts for business crowd. We know, irrefutably, that a good chunk of those tax cuts just end up in the bank accounts of CEO’s and upper management. There isn’t an investment back in the workers or the plants or innovative new product lines.
Tax cuts for business should be narrowly targeted to actions that represent an investment in economic growth for the business and, thus, the nation. And I will say that’s what the administration keeps suggesting but the GOP wants across the board tax cuts which are too often counter productive.
Regulations need to be streamlined, I agree with that. That will be a very hard task, almost like zero-base budgeting, but with regulations. Eliminate conflicting regs and overlapping jurisdictions. It’s doable, but not easy.
Businesses ship jobs overseas because they can, and guess what, we’re still giving them tax breaks for doing so! The Senate killed the legislation which would have ended tax breaks for outsourcing jobs … it may have been a good idea at some point, but that tax break should’ve been ended long ago.
The environment IS friendly, that’s why CEO/management compensation is skyrocketing and businesses are sitting on piles of cash trying to figure out what to do with it to avoid taxes. They’re buying back their own stock shares, cause that’s subject only to the 15 percent capital gains tax.
^ Except that the business media is reporting that large businesses are sitting on unprecedented piles of cash, reporting record earnings. Did you know Reagan raised corporate tax rates and they’re less now? I don’t go along with the more tax cuts for business crowd. We know, irrefutably, that a good chunk of those tax cuts just end up in the bank accounts of CEO’s and upper management. There isn’t an investment back in the workers or the plants or innovative new product lines.
Tax cuts for business should be narrowly targeted to actions that represent an investment in economic growth for the business and, thus, the nation. And I will say that’s what the administration keeps suggesting but the GOP wants across the board tax cuts which are too often counter productive.
Regulations need to be streamlined, I agree with that. That will be a very hard task, almost like zero-base budgeting, but with regulations. Eliminate conflicting regs and overlapping jurisdictions. It’s doable, but not easy.
Businesses ship jobs overseas because they can, and guess what, we’re still giving them tax breaks for doing so! The Senate killed the legislation which would have ended tax breaks for outsourcing jobs … it may have been a good idea at some point, but that tax break should’ve been ended long ago.
The environment IS friendly, that’s why CEO/management compensation is skyrocketing and businesses are sitting on piles of cash trying to figure out what to do with it to avoid taxes. They’re buying back their own stock shares, cause that’s subject only to the 15 percent capital gains tax.