[neutrino]

Notice that the tax code encourages taking away American jobs. Can we at least agree to end this insanity?

Note that the article is not in complete support of my preferred position - but it's a good read nonetheless.

[EagleMamaMT]

Read later.

[sailor4321]

Don't these provisions for unrepatriated earnings long predate the Bush administration?

[ReleaseTheHounds]

Yep, it's a good read... notice Liesman doesn't provide a solution (and he's a Kerry sympathizer, so this entire take is based on boosting Kerry's luck in "being right" on this very complex law of unintended consequences).

As Larry Kudlow has recommended (also on CNBC which is where Liesman usually hangs out), why not eliminate the corporate tax altogether and impose a sales tax? Now I haven't thought through (or heard) Larry's explanation, so I can't even imagine the unintended consequences of this, but don't hold your breath waiting for Kerry to offer anything constructive on this. He's just for exploiting the connundrum (sp?) of this jobless recovery.

[StriperSniper]

Lowtaxistan

:)

[TXBSAFH]

Once again the American worker takes a total pants downer from Uncle Sam.

[Atlas Sneezed]

How about we just eliminate the corporate income tax? Think of the increased tax revenues as foreign companies outsource jobs TO the US to enjoy low corporate taxes. (Just kidding - almost no nations tax corporate profits.)

[Beck_isright]

"Money will find the lowest tax rate, so if there are incentives to go offshore we must end them, and if ending those incentives means lowering the U.S. corporate tax rate, we must also find a way to pay for that."

I love the liberal analysis at the end. Why is it every tax cut must "find a way to pay for it" instead of just cutting the damned taxes and regulations so the outsourcing nonsense will end and the dollars cycle back into the domestic economy. The author proves the point many of us have been making that not only is there any desire to solve the problem but that it will worsen.

[Hop A Long Cassidy]

Dropping or eliminating federal taxes on corporations would solve this problem. (Maybe cut some federal spending while they're at it.) On the other hand, closing the loopholes would drive U.S. corporations offshore. I recommend the former, but voters will probably do the latter. So, place your bets accordingly.

There has been a third solution: over the last 10 years the U.S. government has been trying to jawbone other countries to NOT offer lower taxes than the U.S. Likewise, Europe wants us to raise taxes.

Thus, another reason for increased spending for the military is to keep our restless taxpayers home on the farm and force the other farms to offer similar "benefits." You'd think the liberals would thus be for increased military spending for this very issue alone.

I believe countries are in a race to the bottom on taxes, and this will unfortunately clash with our baby boomers's desires for the existence of retirement funds and that medical funds actually to be there during our retirement years. "Remember, listen to what I say (trust me), not what I do (spend, spend, spend)."

The answer to more federal spending and socialism is not higher taxes; it's less taxes, less government, more individual choice and economic freedom. Don't follow what Europeans have done to themselves (high unemployment by government edict).

If taxes were higher for corporations, they would have to raise prices or layoff workers to get their required returns. Corporations do not benefit from lower taxes; the workers or stockholders benefit. That's INDIVIDUALS. Maybe we could tax foreign stockholders. If we did this correctly we could tax them so well they wouldn't invest here. Oooops. Actions have consequences.

Please note that Kerry is a dead ringer for exchange controls. As Bush has some kind of hidden desire to lose (showing his ignorance of election math with this illegal alien issue), be prepared for Kerry's anti-capitalist moves. Soros, the currency king, is whispering in his ear.

Hoppy

[chuckcam]

A US ex patriot working in a foreign country is responsible for paying the local taxes, thus the "foreign tax credit". It doesn't make sense to pay taxes where you are working, and then turn around and pay the US, especially since you are "out of country". There are limits, etc., so US expatriots DO NOT get a free ride.

[The Duke]

This article sums up beautifully exactly why I stopped being a corporate "cubicle dweller" and went international! The value of US citizenship drops lower every day with every illegal worker we allow over the borders.

While I hate to see the nation in which I grew up commit suicide, there is a certain sense of relief that comes from the feeling that I have a decent chance of not going down with the ship.

Besides, it's not really the nation in which I grew up anyhow - not since the inmates were allowed to take over the asylum.

[ninenot]

ANOTHER argument to ditch the Code and go with consumption tax.

And ANOTHER argument validated: that the US policy is contrary to the interests of US workers.

Join OPIC, ExIm, etc.

[ninenot]

The tread-header is VERY important.

[lewislynn]

From another angle. Where is the proof that a tax free, low wage paying American corporation also reduces prices to consumers accordingly?

[citizen]

BTTT

[Poohbah]

Notice that the tax code encourages taking away American jobs. Can we at least agree to end this insanity?

Absolutely. But instead, what I hear from your side of the aisle is "raise taxes some more."

[SittinYonder]

Yes, we can agree. Thank God for John Linder.

www.fairtax.org

Call your senators and your rep, tell them it's time for a national consumption tax. End the income tax, end withholdings shut down the IRS and SET US FREE.

[Ed_in_NJ]

Would you like FRies with that?

[sixmil]

As the biggest and best economy in the world, the U.S. is a price maker. We set the standard. A U.S. tax cut might only ignite an international game of tax chicken where all the Lowtaxistans cut their rates below our new, lower rate.

Sounds like a plan, let's do it.

[Ahban]

bump