Vic Smith wrote:
On Fri, 28 Jan 2011 07:32:54 -0600, "HeyBub"
wrote:


1. There are places in this country were unions are an anathema.
Union organizers face the same problems as a black Catholic priest
(i.e., death).

2. In my view, many businesses move offshore because of taxes. The
U.S. has the 2nd highest corporate tax base (some 30+%) of any
country on the planet. The U.S. actually ENCOURAGES corporations to
move offshore with these confiscatory rates.

What the U.S. should do, again in my view, is to eliminate the
corporate tax altogether. The corporation could pass the profits to
the stockholders and the government could tax these individuals. Or,
instead of passing the profits downstream, the corporation could use
their profits to expand their business, providing jobs and other
economic gains.


That might be a good idea, but it's not so clear cut.
There's a wide discrepancy in U.S. corp effective tax rates.
http://economix.blogs.nytimes.com/20...rate-tax-code/

Be a big fight about it and you know who will win - the lobbyists.
Many who happen to be former congress ctitters.
That's what's wrong here - no leadership, just partisan politics and
bought politicians.

Thanks for the link - it reinforces my observation. The ultimate paragraph
says it all:

"Companies in those industries where profit-shifting abroad is easier are
also more likely to invest in work forces abroad - which is yet another
reason why it may be especially timely for Congress to take up a corporate
tax overhaul."