[ale] OT: Tax cuts boost joblessness, encourage outsourcing

Doug McNash dmcnash at charter.net
Wed Mar 31 13:58:48 EST 2004


 
> > But here again, our chief economist appears to be ignorant of basic 
> > U.S. tax law. When a U.S. corporation manufactures in the United 
> > States, its income is subject to U.S. tax at a nominal rate of 35 
> > percent. If the same corporation moves those jobs to some other 
> > country, it can normally structure the deal to reduce its U.S. taxes 
> > to zero. That's right, zero.
> >

So the obvious solution is to cut corporate taxes to zero.

Wait a min...the purpose of this article is not to suggest the obvious 
solution, now is it?



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