Wednesday, May 14, 2014

Tax and Spend

Pfizer and other corporations are moving out of the US to avoid the high US income tax.
"Britain’s corporate income tax is 20 percent, and Pfizer stands to save over $1 billion a year by moving there."
That seems like a no-brainer.
"The real question, however, is not why companies are fleeing the USA, but why our politicians continue to drive them out of the country."
That's a rhetorical question.
"Why not make the United States the largest enterprise zone on earth — by abolishing the corporate income tax?
If the corporate income tax were repealed, no U.S. company would think of moving abroad, and every transnational company would think about moving to the USA."
Pat Buchanan can't really be a babe in the woods. He's too funny. Progressives hate Americans. They hate our wealth.

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