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Whining about corporate tax rates

By Scarabus, Section Diaries
Posted on Sat Apr 02, 2011 at 09:02:26 PM EST
Tags: republicans corporations taxes (all tags)
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One of several mantras Republicans are chanting these days is the following: "Corporate tax rates are too high. Businesses will leave the U.S. We will lose jobs."

That ditching the nation and the taxpayers who nurtured them (not least through taking on "externalized" business expenses) would be unpatriotic and morally contemptible; that big corporations are already moving their headquarters to foreign "mail drops" in order to evade U.S. taxes; that regardless of where the putative corporate headquarters might be, they are already shipping U.S. jobs overseas ... all of this is omitted. Also omitted is that the only loyalty that matters to the corporate masters and their political lackeys is loyalty to profit.

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