02/16/2013 09:56 AM
| Tracey Petersen|
Previous Posts for this Topic
I wonder if these concerned citizens sent Democrat Bill Clinton a Valentine's Day card. Clinton signed the trade agreements with China and Mexico where the jobs went. You know, the mindless factory jobs that only school drop-outs can get.
Businesses send jobs over seas not because it is convienent. I'm sure most corps would rather stay in the U.S. california is no longer competitive. Even Chevron just moved 800 high paying jobs from San Francisco to Texas.Chevron is one of the oldest Corporations in California. The minimum wage is higher in California than other states. Some cities like San Francisco have even higher minimum wages.The state has priced itself out of the market..Our education system is one of the lowest in the US..even though we pay hefty per student.It's a shame but that is what happens whem Democrat Party ideals run up against the reality of economics.
Do you Understand now?
Corporations wouldn't have to ship jobs overseas if California wasn't so hostile to business.
Instead of "ending a tax loophole", I.E. raising taxes even further on already struggling businesses, California should create an environment that rewards business growth instead of penalizing and demonizing it.
Unless a good economy isn't the goal.
Well said hugh. There is a reason all our businesses our moving out of the state. California is NOT business friendly.
When is this state going to wake up and realize that 1) California has some of the highest corporate taxes in THE WORLD. 2) California overall has one of the highest personal tax rates in the United States (This includes Income tax, Property Tax, etc.). 3) Factor in 1 and 2 and remind me why would corporations be based here?
The basic question is: Should corporations get tax breaks when they move production facilities overseas to save production costs? Face it, it is much cheaper to to produce goods when you are paying your workers $10 a day or less and getting a write off to move your equipment to that country. Hugh and Crock, the above, are blowing smoke. Just because Clinton may have started the trend doesn't mean we have to continue it. It is the loss of manufacturing jobs that have helped to diminish the size of the middle class. I realize that Texas is different, but I didn'nt know it was "overeas." Check out the property tax rate there before you champion their tax structure.
"Closing loopholes" is a misnomer. Corporations pass the cost of taxes onto the consumer/customer.
If the Left (Liberals, Democrats, Progressives, et al) were truly concerned about California's decreasing revenues via taxes, they would stop hampering corporations ability to make profits. Lower profits = less tax paid to the State. Any time someone wants to explain to me why profits are a bad thing I'm all ears.
Crockett is completely correct in that after Pres Clinton signed NAFTA an enormous number of manufacturers moved their factories to Mexico and China. Check the back of the box next time you look at ANY manufactured item.
Corporations don't pay taxes. Perhaps these students should take Federal Income Tax Accounting and find how how the tax code works.
President Clinton is responsible for signing NAFTA into law which encouraged companies to move manufacturing to Mexico and China. Try starting a manufacturing business in California and see how far you get winding your way through regulations and you'll understand why it's cheaper to send productions elsewhere.
Corporate welfare needs to end. Not only that, corporations that ship jobs to other countries shouldn't be rewarded, they should be penalized.
Corporate welfare should end. There is no reason why corporations shouldn't be paying taxes instead of being given subsidies. They should not be rewarded for sending jobs to other countries that have lower wages and less environmental regulations. They should be punished for causing unemployment and causing further damage to the economy. Greed is the cause of this; no amount of profits ever seem to be enough for the wealthy. They don't care about how many people they put out of work. They don't want to pay workers a living wage or offer health insurance because it hurts the bottom line. Greedy plutocrats!
Monkey, glad you admit Democrats moved our jobs overseas, and I agree corporations should not get a tax deduction for the expense to move a business overseas. Also their overseas profits should be taxed annually and not until those profits are sent back to the USA.
It is also time you admitted Carter,Clinton and Obama ( ACORN ) were responsible for the real estate crises that caused the world economy to fall.
STOP ELECTING THESE FOOLS !
It is way better for the corpartions to move to another state .
Then maybe the people mad about the tax breaks can move out to and we
can get this state back on track ! TAXES can not be collected on failed
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