Originally Posted by cutthemdown
There are a lot more new Obama taxes then just the over 400 grand a yr for rich people. He let payroll tax go back up but also lots of taxes hooked to Obamacare. It's time to just cut some spending and then yes tackle tax reform.
Especially corp tax reform to get companies like GE and the oil companies paying some tax on their offshore profits. Right now we demand 35% and that is too high because they had to pay tax in host country.
So yes lower corp taxes for offshore companies, then eliminate the loopholes that allow them to offshore all the profits. That way that money comes home, and the govt makes a small % of tax on it. Problem with Obama is he wants to slam dunk win every issue with a huge tax increase on it.
Tough ****,what a corp. Has to pay another country is not our problem. It's the cost of doing business.