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To: upchuck
... the president himself issued a statement conceding that corporate tax reform — lower the rates, eliminate loopholes — is the best solution to the inversion problem.

I heard nobama's quote on the radio. I do remember him ranting about eliminating loop holes. I DO NOT remember him saying anything about lowering rates.

I heard this quote during the news, on Herman Cain's program and on Rush's program. Both Herman and Rush criticized nobama for emphasizing the wrong thing, eliminating loop holes, and for not emphasizing the right approach, lowering corporate income tax rates.

In fact, one of them, don't remember who, said that corporate rates should be zero and what a boon that would be to the US economy. Companies would be moving here to escape onerous rates at home.

6 posted on 08/31/2014 11:46:24 AM PDT by upchuck (It's a shame nobama truly doesn't care about any of this. Our country, our future, he doesn't care.)
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To: upchuck
...corporate rates should be zero and what a boon that would be to the US economy. Companies would be moving here to escape onerous rates at home.

Most people don't remember that, about 30 years ago, the US had lower corporate tax rates (and overall government expenditures) than most other countries. We were proud of how well we were doing, and recommended that other companies copy our policies. They did for corporate tax rates (although this didn't affect overall European spending), while our government greedily went in the other direction as our welfare state expanded.

12 posted on 08/31/2014 12:17:54 PM PDT by Pearls Before Swine
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