Ernie S.
Diamond Member
No one has claimed POTUS has an obligation to maximize corporate profits. It would be a good thing though as profitable corporations hire people and spend money of capital improvements, real estate and inventory.Funny shit you all write. Hey someone show me where the POTUS has a legal obligation to protect corporate profits.
Seems to me those job creators failed in their duty to produce jobs for Americans. And seems to me the POTUS (of any party) has a responsibility to protect the well being of ALL American citizens. If the POTUS determines that allowing corporations to further reduce their tax obligations is working against the citizens, he is obligated to try and stop it.
Cry about it all you want. But if you want to claim CEO's have this "obligation" then certainly Presidents have an obligation as well. Just not to the corporations.
Corporations have no duty to create jobs. They would love to be in a position where they needed to fill new positions, but in a hostile business environment like Dear Leader has given us, it's a wise decision to hold onto their cash.
I see that like Joe, you really don't understand corporate taxes. If the government raises Exxon's corporate income tax, that tax becomes a business expense and you pay it at the pump, at the grocery store, on your utility bill, everywhere fuel is used to manufacture or deliver product.