Lake Minnetonka Liberty

"Man is not free unless government is limited"

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No April Fools Joke, U.S. Now Has Highest Corporate Tax Rate In The World

And to think, some of you simpletons blame business for outsourcing and relocating. Ever wonder why they do that? No Dumbass, it has nothing to do with greed.

As of today, we have the highest corporate tax rate in the world. Small wonder why our economy is in shambles. Ummm, who’s watch is this under again? Oh yeah, Barack “We Need To Raise Taxes” Obama. Oh yes, he still wants higher taxes.

It’s time to send Barack Obama on his way, along with members of his party as well. They’ve done enough damage, we don’t need them doing any more.

If only it were an April Fools’ Day prank. With Japan officially cutting its corporate tax rate as of today, America now has the highest rate among advanced economies.

Our rate is now 40%, which means the government will take 40 cents of every dollar your business earns, or, you could relocate to Canada where the government will take 15 cents of every dollar your company earns. Gee, why do you suppose relocating is a better option? What would you do? If you tell me you’d stay put, you are a liar.

So, Obama has another very distinctive “first” under his belt. The highest corporate tax rate in the world occurred under his presidency, and for the first time in history, the U.S. has lost its AAA credit rating. Oh hell yeah! I want another four years of this shit, don’t you?

Obama Ecstatic! One Month to Go Until We Have the World’s Highest Corporate Tax Rate!

Tax those evil, greedy corporations! Make ‘em pay their fair share. At this rate, their won’t be any corporations to tax to death while they pay some Marxists vision of “fair share.”

Evil, greedy corporations going overseas! Well, when the government takes 40 cents of every dollar you earn, wouldn’t you? Especially when you can relocate to say Ireland, and only pay 12 cents of every dollar you earn.

We have the useful idiots on the left that blame corporations instead of the real culprit. Big government. The corporations don’t hire, and they lay-off because their tax burden is too high. They relocate overseas for that same reason, yet the stooges on the left blame corporations. What do they have? Shit for brains? This is common sense, not rocket science.

Just one month from today, Japan will lower their corporate income tax rate from 39.5 to 35 percent.  When they do so, the United States will officially have the dubious distinction of possessing the highest corporate income tax rate in the developed world, a federal/state integrated rate of 39.2 percent…

Obama last month proposed a plan to raise net taxes, but in the process lower the U.S. corporate rate to about 32 percent.  That simply isn’t worth it.  In exchange for a jobs-killing net tax hike, the Obama plan would still leave us with a tax rate higher than the OECD average, and higher than all our major trading partners except Japan and France.  No thanks, Mr. President.

Election Year Bamboozle: Obama Tries to Fake It on Corporate Taxes and ObamaCare

With his Presidential Approval Index rating dipping to -15, his signature healthcare legislation at the front door of the Supreme Court, his rejection of the Keystone Pipeline preventing both job creation and steps toward energy independence, his insistence on a “lead from behind” foreign policy- shall we go on?- President Obama and his staff have figured that it’s time to cook up a little more bamboozlin’ for some Americans who might need a nudging to finally agree that he is their man for the next four years.

Read the rest at Big Government

Obama and Governor Quinn’s Economic Philosophy: ‘It’s All Greek to Me’

In his weekly address this past weekend, President Obama spoke specifically about corporate taxes on manufacturing and on outsourcing jobs, echoing his words from his State of the Union address last month:
No company should get a tax break for outsourcing jobs. Instead, tax breaks should go to manufacturers who set up shop here at home. Bigger tax breaks should go to high-tech manufacturers who create the jobs of the future. And if you relocate your company to a struggling community, you should get help financing that new plant, that new equipment, or

Read the rest at Big Government