Need confirmation of Biden's claim

[Colly Wolly]

Joe Biden said something last night that I am having trouble with and would appreciate some help.

He said something to the effect that the Bush administration has given tax breaks to companies who off-shore their operations to other countries. He seemed to say it with the implication that the tax breaks were given to incentivize companies to move off shore. Or are these tax breaks coincidental with the off-shore movements and related to other facets of company operation?

Help me out with this one because I am finding it hard to believe that ANY administration would want to incentivize companies to move their operations off shore. We want jobs for people here in America, but we have to provide environments in which corporations can flourish, make money, and be competitive.

[Brian]

Originally Posted by Colly Wolly

Joe Biden said something last night that I am having trouble with and would appreciate some help.

He said something to the effect that the Bush administration has given tax breaks to companies who off-shore their operations to other countries. He seemed to say it with the implication that the tax breaks were given to incentivize companies to move off shore. Or are these tax breaks coincidental with the off-shore movements and related to other facets of company operation?

Help me out with this one because I am finding it hard to believe that ANY administration would want to incentivize companies to move their operations off shore. We want jobs for people here in America, but we have to provide environments in which corporations can flourish, make money, and be competitive.

How can you question he who sits at the right hand of the Holy One?
Some things we just need to accept on blind faith.

[exUte]

Originally Posted by Colly Wolly

Joe Biden said something last night that I am having trouble with and would appreciate some help.

He said something to the effect that the Bush administration has given tax breaks to companies who off-shore their operations to other countries. He seemed to say it with the implication that the tax breaks were given to incentivize companies to move off shore. Or are these tax breaks coincidental with the off-shore movements and related to other facets of company operation?

Help me out with this one because I am finding it hard to believe that ANY administration would want to incentivize companies to move their operations off shore. We want jobs for people here in America, but we have to provide environments in which corporations can flourish, make money, and be competitive.

and if they go off-shore, in many cases it is 0%. I don't think the government needs any incentives to send any company off-shore. Our illustrious congress has already provided the incentive through their tax policies. BTW.........35% is the HIGHEST tax rate for business in the world; I believe.

[MikeWaters]

Originally Posted by exUte

and if they go off-shore, in many cases it is 0%. I don't think the government needs any incentives to send any company off-shore. Our illustrious congress has already provided the incentive through their tax policies. BTW.........35% is the HIGHEST tax rate for business in the world; I believe.

Exute is talking out his butt.

http://abcnews.go.com/Business/wireStory?id=5561455

[exUte]

Originally Posted by MikeWaters

Exute is talking out his butt.

http://abcnews.go.com/Business/wireStory?id=5561455

That's what my post was about. What is the corporate tax rate, my enlightened one?

"McCain does call for a reduction in corporate taxes, from 35 percent now to 25 percent after 2014. But at least one Obama economic adviser has indicated that Obama himself might be open to a lower corporate tax rate — though not as low as McCain has recommended."

http://abcnews.go.com/Politics/wireStory?id=5618988

[MikeWaters]

Originally Posted by exUte

That's what my post was about. What is the corporate tax rate, my enlightened one?

you're complaining about a tax rate that no one pays a dime on. Thanks for playing.

[exUte]

Originally Posted by MikeWaters

you're complaining about a tax rate that no one pays a dime on. Thanks for playing.

they go off-shore. Stick with your psychobabble. Economics if out of your league.

Question, do you buy stuff off the internet to avoid paying sales tax?

[MikeWaters]

Originally Posted by exUte

they go off-shore. Stick with your psychobabble. Economics if out of your league.

Question, do you buy stuff off the internet to avoid paying sales tax?

Let's raise it to 100%. No one pays.

What's your point?

[exUte]

Originally Posted by MikeWaters

Let's raise it to 100%. No one pays.

What's your point?

that's WHY they go offshore. It's OUR tax policies. Want to keep businesses here, reduce the taxes!

How guys like you think that the way to stimulate the economy and create jobs is to tax companies and citizens more, is beyond my comprehension.

[MikeWaters]

Originally Posted by exUte

that's WHY they go offshore. It's OUR tax policies. Want to keep businesses here, reduce the taxes!

How guys like you think that the way to stimulate the economy and create jobs is to tax companies and citizens more, is beyond my comprehension.

Oh you think US companies will move all their operations back to the USA from China if we lower the corporate tax to zero?

Please, don't say yes and make a fool of yourself.