Cracking down on tax loopholes

It’s funny when Democrats talk about businesses using tax loopholes to take their main business overseas. It’s the actually taxes that are driving them off American shores to save a buck. Businesses main goal is to turn a profit for themselves and for their shareholders. The whole reason businesses leave America is due to high taxes on them. Government keeps thinking they can tax and grab more money from them but in the end are hurting themselves. You see, you can’t tax a business to death and expect them to stay on our soil. You have to either tax a bunch and just accept the fact they will move or tax them way less and keep them on here. Many companies move their headquarters from states that raise local taxes to those who have lower taxes. The current government tax rate is set at 35% and anywhere from 0-12% state corporate tax rate on top of that¹.

Obama and Geithner are both morons in thinking that closing a loophole for businesses to claim deductions for business in the US when they are setup overseas. All they are doing is driving business away. Liberals will never learn that their giant hand in every facet of our lives doesn’t help anyone but themselves.

A lot of people elected this man, someone who has no real experience and he’s doing his best at screwing it up for whoever is next. They will in fact inherit this mess. Obama inherited a miniscule problem and made it a huge problem.

I hope Americans are satisfied with bringing us one step closer to our grave. This patriot will go down fighting and won’t sit still while these bozos screw things up for our future.

References:

1 US Corporate Tax Rates vs. All OECD Countries