Thursday, April 17, 2008

Stop the Punishing Taxes

Those eeevil corporations are out to get us, or so the Dems would have it, including the two feuding fumblers in last night's debate. (At least Sen. McCain offers some common sense on this.)

Well, we might be losing even more jobs with corporations going bust if they didn't invest overseas to keep their costs down for at least part of their products. WSJ:
The U.S. now has the second highest corporate tax rate in the developed world – after Japan – and every CEO we talk to says the punitive U.S. rate is one reason so much investment is being made overseas.
Just this last week the Democrats in Congress killed the Colombian trade deal, which would have increased our exports to them, and brought about a corresponding increase in jobs for companies like Deere and Caterpillar in Illinois. Where's the sense in killing that?

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