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To: hawkaw

eliminate the corporate income tax, outlaw unions, place limits on litigation and liability, and repeal the last 100 years of government laws and regulations (at the local, state and federal level) that negatively affect business and you would see an explosion of manufacturing in the US unlike the world has seen since the industrial revolution.


39 posted on 01/14/2014 1:21:26 PM PST by TexasFreeper2009 (Obama lied .. the economy died.)
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To: TexasFreeper2009

Actually the Canadians cut corporate tax rates and what happened was banks such as the Royal bank of Canada outsourced jobs to India instead of hiring folks.

So cutting corporate taxes is not always the best solution.

I do think cutting the rate to a reasonable level compared to other countries is a good idea. I think cutting captial gains is a good idea too as long as a good percentage of the money is reinvested.

I do not think cutting all the business laws that are designed to protect health and safety is a great idea. I think a lot of large businesses are making record profits right now as shown on the Dow Jones. I think a level playing field would be great with simplied regulations so that large corporations with their armys of lawyers and accountants don’t have advantages over small companies.

I think cheap energy is really important to drive the economy. I worry the green energy stuff is making energy still very expensive.

I think uncertainity is a big problem with the economy and that includes the health care issues. I think that really slows down hiring. That needs to be somehow altered.

I think the government should help encourage more hiring in the petroleum and gas resource end as that industry seems to be doing very well right now and show the potential to expand further in many states.
Anyway just my thoughts.

Have a great day!


42 posted on 01/14/2014 1:41:51 PM PST by hawkaw
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