Are you tired of ..........?xml:namespace>
· Feeling like no one is fighting for working people?
· Ceos taking all our money?
· Corporations shipping our jobs out of the country?
· Companies escaping THEIR tax burden?
· Having no health care?
· Health care costs killing you?
· Making an economic decision to not utilize your Health Care?
· Having no retirement?
· Big business getting so big it seems to control everything?
· Gas prices with record profits for oil companies?
· Your hard work being exploited by a company?
· The banks exploiting the average hard working American?
· Being afraid to ask for a raise?
· The cost of living rising faster than your wages?
· Being laid off?
· Being over qualified for your job because you can't find a better paying one?
· Living pay check to pay check?
· Working in fear?
Monday, July 18, 2011
Romney: Jobless Americans Have To Bear Burden Of Budget Cuts Because Corporations Need A Tax Cut
But Romney dodged the question, ignoring the plight of the poor and unemployed, and instead launched into a speech about how American jobs were being outsourced to developing countries with cheat miniscule tax rates because the U.S. had made itself unattractive to major corporations. Instead of sticking up for Americans who are facing cuts to the safety net programs they desperately need, Romney took the opportunity to proclaim that America's problems could be fixed if it gave corporations yet another tax cut:
Questioner: We obviously need cuts to the budget... but many of the recipients of those programs are Americans whose jobs have gone places where labor is cheap. Sor corporate profits remain high and in some cases higher than ever. Is it fair to ask those Americans to shoulder reductions in favor of Businesses and corporations who have sent those jobs overseas?
ROMNEY: [...] We need to maker ourselves the most attractive place in the world for entrepreneurs and poineers and businesses, jult like it was when the Founders created the country. How do you do that? One, you make sure our employer tax rates aren't the highest in the world. Right now they're tied with Japan as the highest in the world, They're about 10 points higher than the corporate tax rates in many of the countries in Europe.
Not only did Romney seemingly ignore the concerns raised by the question, his answer perpetuated the false idea that American corporations are subject to the highest tax rate in the world. In reality, those corporations pay an effective rate that is among the LOWEST in the industrialized world. Some of the nation's largest businesses, in fact, had effective tax rates that were actually NEGATIVE.
Meanwhile, the GOP continues to support cutting funding from programs that help the jobless and the poor. But for Romney, that's easily justifiable: corporations, already earning record profits, need a tax break to go along.