Business Boat People
Business boat people are fleeing America for lower tax countries. President Obama ordered another change in the law to make them stay put. The U.S. has one of the world’s highest corporate tax rates.
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I remember when the companies started flooding back into the US when the corporate tax rates were cut.
Oops, I meant I remember when companies started outsourcing all the work even though the corporate tax rates were cut and the effective rates remained on par with the OECD.
Profits rose, taxes were evaded, wages for 99% of the US stagnated – hey, it’s all Obama’s fault, right?
“companies started outsourcing ALL the work”?
Your generalization is so ludicrous, so silly, so detached from reality, that even humanities majors have trouble taking it seriously.