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Politics : PRESIDENT GEORGE W. BUSH
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To: Mr. Whist who wrote (199705)11/4/2001 11:11:35 AM
From: Thehammer  Read Replies (2) of 769670
 
You are welcome. I said zip about patriotism, I am saying that the economic consequences envisioned don't materialize.
Business creates jobs and ultimately that is the economic benefit. The employees and owners pay tax. If the owners make less they pay less in taxes, they pay out less in employee remuneration (less taxes as well) or consumers pay more. You ask,"All I'm saying is I want Big Business to pay its fair share of the U.S. tax burden. What's wrong with that concept?

The response is that what you are really saying is that I want to pay more at the pump so that Exxon Mobil can send it to the government.

If the GWB administration wants to stimulate the economy through tax rebates and such for Big Business, there ought to be a stipulation that they build their companies to provide jobs for Americans, not jobs for Chinese or Albanians. What's wrong with that concept?

Generally I don't like targeted tax breaks (or corporate welfare as some call it) that seek to modify behavior. Not only do they have unintended consequences, but they often tend to distract the corporation from what they should pay closest attention to: business. Perhaps we should look deeper into the reasons for the expatriation of jobs. Providing jobs to to emerging economies is not necessarily a bad thing. There are also risks to companies that follow this tact. Ultimately, by providing a good economic climate for business, we attract more capital and investment into the USA.

God Bless America
Hammer
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