11-22-2016, 03:48 PM
(11-22-2016, 08:03 AM)Odin Wrote:(11-22-2016, 03:15 AM)Galen Wrote: The corporate income tax rate goes to 15%, same as Ireland, which should help the US to retain and attract businesses. Its the economy stupid!
The last thing any government should do is pandering this kind of destructive race-to-the-bottom nonsense. Because then what happens when another country makes THEIR taxes lower?
If a business can reduce its costs by relocating their headquarters to a lower tax jurisdiction then they will do it. This is particularly useful if the business in question is pursuing a low price strategy which is beneficial to their customers.
Democracy is the theory that the common people know what they want, and deserve to get it good and hard. -- H.L. Mencken
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises
If one rejects laissez faire on account of man's fallibility and moral weakness, one must for the same reason also reject every kind of government action. -- Ludwig von Mises