go to the article, look at the chart. Its gone on for decades. i’ve been in te securities business for a long time. Escaping costs,whether they be taxes or wages or the cost of raw materials is a natural outgrowth of a profits above all mentality.
“our first duty is to the shareholders” is the oft repeated refrain. This is just a manifestation of that credo.
While i’m all for lower taxes we need to go much further than that. We need incentives for American companies to hire Americans. All the nonsense about people not being trained for the available jobs needs to be countered. What happened to on the job training? Apprentices? Pass incentives to make this the norm once more. Do four years of college equal a year of on the job training? Two years at most?
Its cost effective too. The up front tax breaks or other incentives to the companies are made up by the taxes the formerly unemployed will be paying. Off the government dole as well. Its both less money out and more in to offset.
This goes well beyond Obama as much of a fiscal disaster as he’s been.
Taxes are not the problem: regulations by numerous alphabet agencies at all levels of government is the real problem.