Quantcast

Comments about ‘John Engler: Tax reform: Reducing corporate rate would help companies compete’

Return to article »

Published: Sunday, July 22 2012 12:00 a.m. MDT

Comments
  • Oldest first
  • Newest first
  • Most recommended
Eric Samuelsen
Provo, UT

Again with the 'coddle job creators and jobs will flow?' Really, again?
We've heard this for years. Corporate profits have never been higher. And you want more tax breaks? Are you kidding me?
How about this? Any company that wants lower corporate taxes can earn them by hiring people. Not temps, not low wage hourly jobs--good jobs with benefits. And any company that lays people off? Fuhgeddaboutit. You want lower taxes, earn 'em.

Furry1993
Clearfield, UT

To Eric Samuelsen 10:56 a.m. July 22, 2012

Again with the 'coddle job creators and jobs will flow?' Really, again?
We've heard this for years. Corporate profits have never been higher. And you want more tax breaks? Are you kidding me?
How about this? Any company that wants lower corporate taxes can earn them by hiring people. Not temps, not low wage hourly jobs--good jobs with benefits. And any company that lays people off? Fuhgeddaboutit. You want lower taxes, earn 'em.

------------------------------

I absolutely agree. And I would go one step further -- if a company stops outsourcing and brings jobs back to the United States, reward them with lower taxes. If they outsource, raise their taxes. If they want to do business in the United States (just about the biggest market in the world), make them earn the right to do so.

One more thing -- if a person or company lives, or is licensed to do business, in the United States and has money in off-shore accounts, make sure that money is fully taxed NOW, instead of letting them wait to be taxed until they bring the money to the States.

JoeCapitalist2
Orem, UT

To Eric and Furry: Yes, let's follow your advice and treat businesses and wealthy people like they are the enemy and use the power of government through taxation and regulation to punish them when they don't do everything you want. Let's treat them like they "owe us" big time and create a hostile environment where they find it harder and harder to turn a profit.

Then let's sit back and complain because they don't take big business risks by expanding in that environment. Let's call them evil when they decide to shift their resources to other states or countries where they can grow much easier. Let's just pretend that they are not free to conduct business elsewhere.

Let's kill the golden goose trying to get all those golden eggs out and wonder why we suddenly have nothing to show for it.

GaryO
Virginia Beach, VA

Hey Joe Capitalist and Furry -

Face it. Trickle down economics does NOT work.

The entire rationale for reducing taxes for high earners was the idea that high earners create jobs for Americans.

But obviously that is NOT the case.

We need to bump taxes for high earners back up to where they were when this nation actually paid its bills.

Get real.

GaryO
Virginia Beach, VA

"Reducing corporate rate would help companies compete"

OK . . . But the corporate rate should be reduced ONLY if the tax rate for the high tax bracket is bumped way up . . . Back to where it was when this nation paid its bills..

The highest earners have a lot of their money tied up in stocks. And they have a relatively high percent of their incomes coming from investment.

Taxing high earners would be an indirect means of taxing corporations, and it would not discourage corporations from wanting to set up shop in America . . . And STAY here.

And the tax structure needs to be verticalized . . . NOT flattened. Right now, the high tax bracket starts at $400 K a year or so. People who earn $400 million should pay a higher tax rate than someone who earns only $400 thousand. When our tax system actually worked (when we paid our bills), the tax structure was much more vertical than it is now, with quite a few more tax brackets for higher earners.

Flattening the tax system favors the highest earners, at the expense of everyone else.

That's why you hear so much about "simplifying" the tax system from Conservative Politicoes.

to comment

DeseretNews.com encourages a civil dialogue among its readers. We welcome your thoughtful comments.
About comments