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Post by penguin on Mar 27, 2004 22:36:47 GMT -5
Yesterday, John Kerry made a speech in which he floated a couple of economic proposals. It was the first time in this campaign I've heard anything of substance from him, and since it either was not discussed over at the other board (or, more likely, quickly buried in a shower of shit), I thought I'd check here to see if anyone had any comments or insight.
Of course, I like the idea of lowering the corporate tax rate (in fact, I'd eliminate it altogether.) One way to encourage industrial infrastructure within our borders is to quit punishing it. I'm not sure that Kerry's actual number (was it 2 or 3 percent) is enough to make much difference, but it might.
The 2nd part was something about 'eliminating tax breaks' for US companies operating overseas. This one confused me, and I'm admitting ignorance to what he was speaking of. I have to do more reading on this one. Does anyone know what 'breaks' he was alluding to, or what actual breaks exist? I hope he wasn't talking about penalizing profits earned on sales in foreign countries, because that seems counterproductive.
Comments?
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Post by RS Davis on Mar 28, 2004 15:34:49 GMT -5
Yesterday, John Kerry made a speech in which he floated a couple of economic proposals. It was the first time in this campaign I've heard anything of substance from him, and since it either was not discussed over at the other board (or, more likely, quickly buried in a shower of shit), I thought I'd check here to see if anyone had any comments or insight. Of course, I like the idea of lowering the corporate tax rate (in fact, I'd eliminate it altogether.) One way to encourage industrial infrastructure within our borders is to quit punishing it. I'm not sure that Kerry's actual number (was it 2 or 3 percent) is enough to make much difference, but it might. The 2nd part was something about 'eliminating tax breaks' for US companies operating overseas. This one confused me, and I'm admitting ignorance to what he was speaking of. I have to do more reading on this one. Does anyone know what 'breaks' he was alluding to, or what actual breaks exist? I hope he wasn't talking about penalizing profits earned on sales in foreign countries, because that seems counterproductive. Comments? Well, any lowering of taxes is a good idea in my book, but I also am not sure about those breaks. I saw an ad of his that said Bush gave breaks to companies that outsource, and I assumed it was a political way of saying Bush didn't disqaulify them from his tax cuts. As to the outsourcing, I am against any punitive measures the government may want to take to cap it. I am also against all of the actions the government now takes that encourage it - over-regulating, stifling taxes, etc. Sometimes it is good for companies to go, but we won't know when that is until the government backs off. - Rick |
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Post by penguin on Mar 28, 2004 16:29:09 GMT -5
As to the outsourcing, I am against any punitive measures the government may want to take to cap it. I am also against all of the actions the government now takes that encourage it - over-regulating, stifling taxes, etc. Sometimes the obvious is overlooked, isn't it? It hardly ever dawns on those who whine about "outsourcing" that part of the motivation for it is punitive government policies toward "insourcing", and that rather than piling on yet another layer of regulations, why not consider removing the layer that exacerbated the problem in the first place. Did that make sense? |
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Post by RS Davis on Mar 28, 2004 16:30:57 GMT -5
Sometimes the obvious is overlooked, isn't it? It hardly ever dawns on those who whine about "outsourcing" that part of the motivation for it is punitive government policies toward "insourcing", and that rather than piling on yet another layer of regulations, why not consider removing the layer that exacerbated the problem in the first place. Did that make sense? Perfect sense. That's why they'll never do it. - Rick |
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