Last Tuesday, President Obama began his “Better Bargain” jobs tour promising to “overhaul business taxes” in exchange for jobs created here at home. Every time I hear a Democrat using the language of Republicans, suggesting “tax cuts” as a way to create jobs, I cringe. There are PLENTY of ways to encourage job growth here at home without destroying the tax base. Corporations are ALREADY paying next to nothing in taxes (see blue line in chart on left) by exploiting the dozens (hundreds?) of tax loopholes already provided them by the GOP (see: Arthur Andersen/Enron). “Why do they need more tax cuts?” It seems like the only solution anyone in Washington (BOTH parties) can think of the encourage businesses development here at home rather than overseas is to give huge tax breaks to corporations (destroying the greatest source of tax revenue we have) and shifting the tax burden to workers so that they end up footing the bill for all public services (including roads, security and fire safety of the business itself). And in the end, the companies that receive these imperious gifts rarely produce enough jobs to make up for the lost tax revenue. There’s a better way. Zero interest loans, Free use of publicly owned buildings and/or land, faster/easier licensing, local infrastructure improvements (roads/bridges/beautification) that benefit the surrounding area around a business to make it more attractive (which also creates public jobs), for starters.
I find it appalling that many Democrats… even Moderate ones like President Obama… are quick to jump onto the “tax cuts create jobs” bandwagon. Lord knows there’s ample evidence that “corporate tax cuts do nothing to promote job creation” and actually do more harm than good. If there’s one thing Progressives are good at is thinking “outside the box”, so it is maddening when a Democratic president and head of our own Party continues to promote the GOP gospel of “tax cuts” as a panacea for job growth.
Sign my petition on the White House website:
Be sure to click the link at the bottom of the petition to promote it on Facebook & Twitter. Thanks to Teabaggers and “9/11 Truthers”, it now takes 100,000 signatures
Got something to say? Mugsy’s Rap Sheet is always looking for article submissions to focus on the stories we may miss each week. To volunteer your own Op/Ed for inclusion here, send us an email with an example of your writing skills & choice of topic, and maybe we’ll put you online!
|Please REGISTER to be notified by e-mail every time this Blog is updated! Firefox/IE users can use RSS for a browser link that lists the latest posts!|