General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWashington knows to get America working again they have to change Corp Tax Code
Its quite possibly the only thing Grover Norquist and Bill Clinton have ever agreed upon. Of course Norquist insisted they would have to Cut Corporate Taxes, while both agreed a Stream-lining, an elimination of all the Special Interest Loop Holes would restart the economy and spur hiring again.
Currently the US Corporate Tax Code rewards MultiNational Corporations / Wall St. Conglomerates with Tax incentives to Offshore manufacturing facilities. So much so the Corporate Tax Code should be renamed The China Express
It also hinders and suppresses Start-Ups, the Cottage Industries that have long been touted and statistically proven to be the real Job Creators of the American Economy.
What is Washington doing about it Absolutely Nothing
Autumn
(48,867 posts)that will really piss off their money machines. So it's so much easier for them to pretend they are powerless or held hostage.
FreakinDJ
(17,644 posts)its the Corporations
riverwalker
(8,694 posts)we should start calling it that. Maybe the term would spread.