Wednesday, March 14, 2012
End corporate welfare
We should pass at least a couple laws on this. The first would eliminate all tax deductions and credits to corporations and people who take manufacturing offshore. Right now there are tax deductions for that. How stupid is that? Second, we should do away with tax subsidies for "Big Oil." It is the most profitable industry in the nation and world. Why should we give them additional tax benefits? Does that make ANY sense? Third, we should institute a minimum corporate tax of, say, 10% so that, no matter how many tax deductions taken, all corporations would pay that minimum, small amount, as an effort to pay for access to our markets and to help pay for the infrastructure all across the nation they use in order to spread their services or products. We can't exist, as a country, without good schools, roads, sewer systems, etc., etc. It just makes sense. These three, at least, seem very reasonable and fair to all.
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