today: Boston Scientific to lay off 1,200-plus - Boston.com
boston scientific announced it's moving a thousand jobs to china
the medical device maker, subject to new obamacare taxes, "has been under intense regulatory scrutiny in recent years because of defects in a pair of its best-selling cardiac products," a stent and an implantable defibrillator
you believe that the jobs are moving to China mostly because of new taxes and not because of the Chinese model of extremely low wages, minimal worker protection, and almost no pollution controls?
if so, i believe that you are incorrect.
i should clarify my position, also. i'm not for soaking corporations with new taxes. i'm for a competitive rate; possibly two tiered : one low rate for those corporations which hire a large percentage of their workforce here in the states, and a second rate for those who outsource / re-import. and i would close some loopholes at the same time.
but i would not support a return to the Sinclairian state of Chinese factories in order to remain competitive.
still, you'll either be paying workers to work, or you'll be paying them to not work. if you like cheap goods, high taxes, and entitlements, that's a legitimate position. i prefer goods that are a little more expensive in order to have near full employment. however, claiming that Chinese made goods are cheap is incorrect. they are quite expensive; the cost is societal. we all pay more to support displaced workers, and this cost will grow with the population.
I posted this thread and as i read through it...there are two things glaringly clear....TAX CUTS and LESS REGULATION has nothing to do with JOB CREATION and the second and probably more important...is that the teaparty GREEDSTERS refuse to be honest enough to admit that....but thats ok normal americans know tax cuts just put lots more cash in already overfilled pockets of those that took it off everyone that has alot less....
Oil companies pay less than their share. Taken from the Washington Post, from an article titled: How much do oil companies really pay in taxes? - The Washington Post
Just how much do big oil companies pay in taxes?
Exxon Mobil says it pays plenty — more in U.S. taxes than it earned in the United States last year.
How much do oil companies really pay in taxes?
It all depends on how you count.
Exxon Mobil counts everything — not just federal income taxes, but also local property taxes, state taxes, gasoline taxes and payroll taxes. The Center for American Progress (CAP) and other analysts count only the company’s federal corporate income taxes.
“We pay our fair share of taxes,” said Kenneth Cohen, Exxon Mobil’s vice president for public affairs, who in a conference call recently lumped more than $6 of sales, state and local taxes together with every $1 of federal income tax paid in 2010.
But Exxon Mobil’s tax rate is “lower than the average American’s,” Daniel Weiss, an energy expert at CAP, countered in an analysis that put the company’s U.S. federal income tax rate in 2010 at just 17.2 percent.
The tax debate may turn into the most combustible issue when top executives from five oil giants appear before a congressional committee on Thursday.
Most congressional Democrats and the Obama administration want to end or limit tax benefits — or tax breaks — for oil companies.
The provisions targeted include the industry’s use of a tax break that since 2004 has trimmed the corporate tax rate for manufacturers; oil-depletion allowances that all but the biggest firms use to recover drilling costs, sometimes more than 100 percent of those costs; and the expensing of “intangible” drilling costs at a rate higher than that used by most non-oil companies to recover investment costs.
Last edited by TBone; 07-30-11 at 12:32 PM.
It is better to die on your feet than to live on your knees.