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In reply to the discussion: Boehner asks what he gets for $800b. Obama: "You get nothing." [View all]mwooldri
(10,326 posts)... "We still got an unbalanced budget, and there is not enough money coming in. Find more, please."
People who says America has a spending problem don't seem to realise that America has a far bigger revenue problem. Part of the problem is a lack of jobs.
I distinctly remember "Corporations are people" being touted by a certain Republican Presidential Candidate. Perhaps corporations need to be treated more like individuals - a US Citizen has to file a tax return and pay US taxes on their earnings, no matter in the world they are and it doesn't matter if they haven't put foot on US soil in many years. So corporations headquartered in the USA should be treated the same way - got massive growths in a subsidiary that has a lower tax rate? Sorry, gotta report that to the IRS, and pay as a US citizen would have to pay the appropriate taxes. Oh and Capital Gains Tax needs to be revised.
Enough for now, Mark.
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