Quote:
Originally Posted by MTI
Part of the Obama stump speech, since early 2007, included challenges to outsourcing and offshoreing. While acknowledging that no one can reverse the global competition, there can be investment in infrastructure and technologies which cannot be outsourced.
Working people in this nation pay the taxes, the corporations not so much. Economic recovery needs to get people working, spending and paying taxes in this country.
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Corporations pay almost no taxes. They pass along as much as possible to the consumer. So raising corporate taxes increases product prices, makes foreign products more competitive. This increases pressure for protectionism -- tariff increases.
tariffs result in citizens paying more for local products and decreasing competition and thus, the reason for local companies to improve efficiency and improve products.