Comments on: States vie with feds to punish company moves abroad. But does it work? http://blogs.reuters.com/great-debate/2016/03/14/beating-companies-through-taxes-until-revenue-improves-is-nonsense/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Solidar http://blogs.reuters.com/great-debate/2016/03/14/beating-companies-through-taxes-until-revenue-improves-is-nonsense/#comment-1129088 Mon, 14 Mar 2016 22:18:39 +0000 http://blogs.reuters.com/great-debate/?p=46958#comment-1129088 Bobby Jindal was trying to get an A+ on the little Grover Norquist report card, so he could run for President and look good nationally. But he tanked Louisiana’s economy after 8 years of terrible management. Now the only thing Jindal is going to be President for is Wanker’s Mobile Home States Water Board.

Buncha winnners, Grover and his “pledges.”

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By: Solidar http://blogs.reuters.com/great-debate/2016/03/14/beating-companies-through-taxes-until-revenue-improves-is-nonsense/#comment-1129087 Mon, 14 Mar 2016 22:13:08 +0000 http://blogs.reuters.com/great-debate/?p=46958#comment-1129087 Kansas and Louisiana both had corporate tax slash programs under republican governors. Both states then saw a huge decline in revenues, and are now in enormous debt. It failed. It’s been tried. It did not work. It’s really that simple.

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By: Flash1022 http://blogs.reuters.com/great-debate/2016/03/14/beating-companies-through-taxes-until-revenue-improves-is-nonsense/#comment-1129055 Mon, 14 Mar 2016 14:04:40 +0000 http://blogs.reuters.com/great-debate/?p=46958#comment-1129055 Why are corporate taxes never paid for with reduced executive compensation, but according to Norquist & Gleason are paid for by hourly workers only?

Lower taxes have never had an affect on jobs or business growth.

That in fact, since 1950 lower taxes have created inequality through higher executive compensation, increased shareholder dividends, and the tax savings have gone to buy back of outstanding shares.

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By: distancematters http://blogs.reuters.com/great-debate/2016/03/14/beating-companies-through-taxes-until-revenue-improves-is-nonsense/#comment-1129053 Mon, 14 Mar 2016 13:32:58 +0000 http://blogs.reuters.com/great-debate/?p=46958#comment-1129053 Notice Grover specifically said “statutory” corporate tax rate. His argument falls to pieces when you recognize that the effective corporate tax rate is much lower and competitive with many European countries. According to the GAO, the effective tax rate for big profitable corporations was just 12.6% in 2010. Isn’t that low enough for Grover?

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