pBills Posted September 30, 2008 Share Posted September 30, 2008 McCain talked about dropping the corporate tax rate from 35%. He cites Ireland as a country with a 11% tax rate and explained that the lower tax rate makes it for more appealing for corporations to go overseas. Barack countered that through the current loopholes that American coporations are actually paying a lower tax rate . Barack then says he wants to close those loopholes. Say you close these loopholes, then the American coprate tax rate will actually be 35% and you have made no mention of then dropping the tax rate. Why would corporations want to stick around and pay that rate when they can pay a lower rate elsewhere? Brilliant. Another good question would be why give subsidies to companies who ship jobs overseas? Link to comment Share on other sites More sharing options...
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