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Wed Dec 12, 2012, 01:27 PM

Five CEOs Who Prove That Lower Corporate Taxes Don't Equal More Hiring [View all]

Meet Lowell McAdam, CEO of Verizon. From 2009-2011, he paid an average effective federal corporate income tax rate of -3.3%. As in negative 3.3%. Meanwhile, Verizon has laid off 30,000 workers since 2007. Are we supposed to believe that if we just lowered his tax rate even more this "job creator" would start creating some jobs?

Meet 4 more CEOs who pay ridiculously low taxes and are still laying off workers: http://bit.ly/Z0ayBz



Meet Five CEOs Who Prove That Lower Corporate Taxes Don't Equal More Hiring

George Zornick on December 11, 2012 - 5:34 PM ET

<snip>

Never mind for a moment the obvious problem with lowering tax rates as a means of fixing the long-term debt. Would allowing corporations to pay less taxes really mean more hiring?

Luckily we have some interesting case studies. Several of the CEOs pushing this idea actually run companies that pay extremely low corporate tax rates, well below the statutory 35 percent rateóor pay none at all. So, via the invaluable Institute for Policy Studies, letís see what kind of job creation these folks did while enjoying very low corporate tax rates:
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Reply Five CEOs Who Prove That Lower Corporate Taxes Don't Equal More Hiring [View all]
G_j Dec 2012 OP
Initech Dec 2012 #1
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