[Remember_Salamis]

There is a natural level of outsourcing; there always has been, and there always will be. Also, the number of worldwide manufacturing jobs is DECREASING WORLDWIDE. In fact, the US is retaining MORE manufacturing jobs than the average nation. However, I believe we could do better. We have built in impediments to exporters setting up shop with our corporate taxes, which are actually HIGHER than many Western European socialist countries (although they have a VAT, exporters are exempt). One day, our nation will realize that it is physically IMPOSSIBLE to tax a corporation; only individuals can be taxed. When we tax corporations, those costs are either passed on to (1)
the consumer, or (2) the shareholder--ALWAYS! And if you're an American exporter, your product prices are then inflated. A foreigner importing to the US (or a US company producing overseas and reimporting to the US) pays no such taxes. In fact, many OECD nations exempt exporters from a lot of taxes.

I propose eliminating ALL corporate taxes and corporate welfare. According to the CATO institute, the corporate tax and the corporate welfare are almost the same amount. As a result, reform would be a wash cost-wise and revenue neutral. However, our corporations and farmers would no longer grow soft from protectionism and be punished with taxes as well.

[ETERNAL WARMING]

We also need to cut out the taxpayer funded subsidies that help American corporations move overseas.

[ccmay]

When we tax corporations, those costs are either passed on to (1) the consumer, or (2) the shareholder--ALWAYS!

Don't forget the employees, whose paychecks are necessarily smaller, and the pensioners whose retirement is less secure when the government bleeds their employers white.

You'd think those great friends of the working man in the Democratic Party would have figured this out, but . . .

-ccm