Would you hire people purely out of national loyalty knowing that doing so meant your company would eventually become fiscally insolvent?
Corporations, like any business, are in business to make profits. Jobs are the byproduct of profits, not the other way around. Until U.S. corporate tax rates are cut to globally competetive levels, the corporations will outsource jobs overseas in order to make profits for their investors. Unless capital gains taxes are reduced to globally competetive levels, private capital is disincentivized to invest in America. Until Dodd Frank is repealed, small banks, which make small business loans are going to go out of business because they can’t afford to pay the armies of lawyers and accountants needed to comply with the new regulatory burdens. Unless EPA regulations are reduced to levels that allow manufacturing to become cost effective, there will be no new manufacturing. Until obamacare is repealed, businesses and corporations will not add new jobs because they have no idea what the healthcare costs will be for new hires.
You can blame big corporations all you want for shipping jobs overseas but in doing so, you’re completely missing the point that corporate decisions to ship jobs oversears are a reaction to the real problem. High tax burdens, excessive regulations and big government interference in private businesses and private industries.
After his 20-year old son overdosed on drugs, Mike Stollings decided to post a photo of his body at the funeral home on Facebook out of grief and guilt. The...Read More
Way, way back in 2001, when I got started in the blogosphere, the Right side of the blogosphere was bigger
Paul H. Rubin, professor of economics at Emory University, does a great job in comparing and contrasting the federal responses
Obviously, the Democrats in the Senate are playing their typical games in kicking the issue of the payroll tax cut