We do not have the lowest tax rate for corporations. It is our tax rates, unions, and government mandated unemployment and other programs that are hurting big business in the US. I live in Vermont and we had, for the longest time, housed some very successful and large companies. We were the home to such companies as Ben and Jerry's ice cream, Burton snowboard, and IBM. Every since we began leaning on these companies for more tax revenue they have slowly disappeared. Burton is outsourcing to India, IBM is consistently laying off workers and sending jobs out of state and out of country, and Ben and Jerry's sold the company to an out of state company. Our pressuring of increase tax has forced businesses to run from the state.
This is what is happening on the federal level now. It is impossible for US based companies to compete globally when the overhead of their competitors is a fraction of the US companies'. So the rich that are in charge of these corporations are making big bucks, but is it not their right to do so? Did we not grow as an economy and an economic leader in the global market by being the land of opportunity and growth? Are you suggesting we become more like China and have the government regulate our income and finances? If we want to remain a leader in today’s world we need to have a foundation that encourages growth and provides opportunity for financial stability and prosperity. It is my view that I know what I want and how to get it better then the government. The best way for the government to be of help to us is to get out of the way.