Companies sitting on $1.24 Trillion cash hoard, but won't hire. They don't need investors they need

[Bill USA]

3. LOL Total GOP horseshit-nonsense. Corporate tax RATE lowest in 40 yrs - WSJ - see link

http://online.wsj.com/article/SB10001424052970204662204577199492233215330.html

WASHINGTON—[font size='3'] U.S. companies are booking higher profits than ever. But the number crunchers in Washington are puzzling over a phenomenon that has just come into view: Corporate tax receipts as a share of profits are at their lowest level in at least 40 years.

Total corporate federal taxes paid fell to 12.1% of profits earned from activities within the U.S. in fiscal 2011, which ended Sept. 30, according to the Congressional Budget Office. That's the lowest level since at least 1972. And well below the 25.6% companies paid on average from 1987 to 2008.[/font]

Corporate income-tax receipts typically fall during recessions, and they declined sharply after the 2008 financial crisis, which wiped out big swaths of profits across the huge financial sector. But U.S. profits have rebounded sharply in recent quarters, while tax receipts have stayed low.
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—[font size='3'] If companies had enough paying customers they would be hiring more people. There is no reason to add people if you don't have the fucking business to require it. [/font]