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DogDiesel
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Reply to
Billy

"Billy" wrote

The USA has the 2nd highest corporate tax rate in the world, topped only by Japan. The problem is in the tax code itself, which has too many "loop-holes".

Actually, cutting the corporate tax rate significantly would do wonders for our ailing economy. When rates are lower, revenues are higher because when taxes are go beneath a certain threshold it is more costly to employ tax lawyers to make sure all potential loop-holes are used, than to just pay the tax!

Also, lower corporate tax rates make for a more business-friendly environment, stimulating growth (and hence hiring).

But by far the largest source of waste, fraud and abuse is military spending. Trillions are spent fighting pre-emptive wars of aggression, policing the world and nation-building overseas, while leaving a weakened defense capacity at home.

Reply to
Pat

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