Friday, March 30, 2012

America's #1 again!!!

We are all raised with the knowledge that America is number 1. It's not a belief, it's a fact and today we have received word that it is indeed true. Japan is lowering their taxes on businesses which places America as the nation with the highest tax on business. Let's use some common sense, why would everyone ship their jobs to cheaper companies and not do business here?

What does the lower corporate tax mean in Japan? Well Japan as a nation has more jobs than they do people to fill those jobs. However, moving jobs there might mean an open push for them to loosen their immigration just a bit which would help their population grow and increase the amount of revenue coming into Japan. But what does this mean for America?

Well now that America is #1, go America!, we have a very serious question at hand... The global economy is in disarray and without a fix to not only our nations deficit but the ailing economy that we ourselves have then there is a huge chance that we will see more jobs start to flee because our Corporate Tax Rate is so high.

“The president, by putting the 28 percent rate on the table as part of what they call a framework, made a helpful contribution to this whole debate," Mr. Engler said at a Monitor-hosted breakfast for reporters on Thursday. But, he added, "We don’t think that goes low enough.”

On the Republican side, former Massachusetts Gov. Mitt Romney  has proposed a 25 percent corporate tax rate, while former House Speaker Newt Gingrich  favors reducing the rate to 12.5 percent. Former Pennsylvania Sen. Rick Santorum  has called for cutting the rate in half and exempting manufacturers." (Taken from, link here: Lower Corporate Tax )

Things are getting bad and they'll only get worse. We need to ensure that we lower the taxes upon our corporations and give them the ability to open more jobs to people. Just this week Bestbuy has announced a massive lay off and closing of stores, this may not sound too terrible but, Borders was a company we all grew up with and now Bestbuy is starting to find itself hurt in this economic crisis.

It's time we take back this country. It's time we give future generations in this country the freedom and prosperity promised by our forefathers.

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