Originally Posted by cutthemdown
A stimulus that obama calls a jobs bill doesn't make it a smart jobs bill. Obviously the govt could print more money, then hire people to do stupid things like study if video games make kids want to kill johnny. The point is big govt doesn't work they need to stimulate in the private sector by removing regulations on energy, lowering corp tax, and changing the tax code to give a lower rate to money made overseas in return for those companies having to bring back a certain % of profits made overseas.
The reason companies dont bring profits home is they already paid a bunch of tax in the host country. Paying another 35% to bring it to the USA just would be stupid. The only way to get that money home is by cutting the worldwide corp tax rate and making it a different rate then domestic profits.
Go ahead though keep thinking govt spending will fix this.
They go overseas so they can pay some schmuck $5 week. Wouldn't make a differance whatthe tax rate is. Look no further than the last 10 yrs while the gwb tax cuts were in place,they shipping jobs overseas by the thousands.