Why is America loosing jobs… in a word TAXES and they are taxes brought on, proposed and passed by democrats. In a new report out by the Tax Foundation it lines out the corporate taxes paid by American companies. Obama has introduced more taxes to not only raise taxes on American companies it will tax monies they make overseas.
Obama’s tax plans raises high-tech hackles
Never mind the act that American is only by a hair the highest cooperate tax rate in the industrialized world falling on 0.3% behind Japan who is the highest.
U.S. States Lead the World in High Corporate Taxes
Currently, the average combined federal and state corporate tax rate in the U.S. is 39.3 percent, second among OECD countries to Japan’s combined rate of 39.5 percent.1 Lowering the federal rate to 30.5 percent would only lower the U.S.’s ranking to fifth highest among industrialized countries.
When compared to other OECD ( The Organisation for Economic Co-operation and Development) countries:
- 24 U.S. states have a combined corporate tax rate higher than top-ranked Japan.
- 32 states have a combined corporate tax rate higher than third-ranked Germany.
- 46 states have a combined corporate tax rate higher than fourth-ranked Canada.
- All 50 states have a combined corporate tax rate higher than fifth-ranked France.
So you want to know why America is loosing jobs? Look no further than the democrat leadership and agenda of taxing the so-called rich (i.e. job creators) and give handouts to the poor and unmotivated. As long as you continue the tax those that create jobs heavily, those jobs are going to continue to leave the country and if you tax the money they make over seas as Obama wants to do, which is double taxation, those companies will just stop doing any business in the United States all together and move all their operation out of the United States. Ask yourself this when is the last time a poor person offered you a job? Obama and democrats want this country to be poor as the poor are easier to control, because those that control your resources control your world.
Two big reasons America is loosing jobs.
1. Because the taxes are to high.
2. And no one will be able to afford their products in a country full of the poor.
How many companies has your community lost?
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