What a heart warming story. The CEOs of the biggest corporations in America, like Obama Jobs Czar Jeff Immelt, have the balls to act like the US Corporate tax rate of 35% is too high, even though they only pay 18%. They peddle the false storyline that they are the driving force behind the U.S. economy, when the facts prove they have fired Americans and moved the jobs overseas for the last decade. They have gutted the U.S. economy and now use their puppet politicians in Washington DC to demand a 5% tax rate for the profits they have sitting overseas. Bush allowed this to happen during his reign of error. The corporate CEOs declared it would lead to more jobs in the U.S. It led to more jobs in Shanghai and massive bonuses for the CEOs.
The Republican Party is completely captured by these Mega-Corporations. The Democrats play the game, but they are just as captured. Remember what Mitt Romney said, “Corporations are people too.”
The facts are right before your eyes. This country has been destroyed slowly but surely by the greed and avarice of the biggest banks and corporations in this nation. To deny these facts, is to deny reality.
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3 comments:
Misinformation piece Democrat government regulation has caused all of our economic problems.
It doesn't matter if it was Democrats or Republicans who allowed these things to happen. The FACTS, no matter how uncomfortable they may be to those who say the "system is working", or "we are headed toward socialism", cannot be denied. Its' only "socialism" when its college kids demanding an end to the revoling door of politics and governent and outlandish corporate greed and corruption. Its NOT "socialism" when CEO's take BILLIONS from the taxpayer and then get even MORE money in tax breaks, bonuses, and salary. For FAILING! Oh, I'm sorry.....THAT is "socialism", too. My bad.
Taxing repatriation profits is moronic. The growth story for any multinational is OUTSIDE the USA. We're the only westernized country that taxes repatriated profits at the normal corporate tax rate. Wonder why companies are not bringing home overseas profits and investing in America, it's right in front of your faces. The blame game has to stop.
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