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 Until Dodd Frank is repealed, small banks, which make small business loans are going to go out of business because they can’t afford to pay the armies of lawyers and accountants needed to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 Until obamacare is repealed, businesses and corporations will not add new jobs because they have no idea what the healthcare costs will be for new hires.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.
How did we end up in a world where Big Gulps are being banned in New York while the welcome mat for potheads is being rolled out in Colorado? How...Read More
Why? Tim Scott refuses to toe the NAACP line (Daily Caller) The National Association for the Advancement of Colored People
After some hard nose negotiations, arm-twisting, adult beverage consumption and an exchange of band-aides… Intellectual Froglegs will now appear as
Of course, what Team Obama really wants is more “revenue”, ie, tax increases (The Hill) The White House on Sunday