Quantum Windbag
Gold Member
- May 9, 2010
- 58,308
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It's not called "Out Sourcing" if Mitt does it. It's called "Charitable Overseas Employment".?
"As our economy becomes less competitive due to higher taxes, burdensome and uncertain regulations, and capital flight, more manufacturing and services will be outsourced to foreign firms."
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We pay one of the lowest effective corporate tax rates in the western world. Jobs aren't being outsourced because of low tax third world companies. They're being outsourced because those folks are willing to work for peanuts. Would you like to see American manufacturers pay people in this country the wages they pay in Vietnam, China, and India?
We have the highest corporate tax rate in the world, and that applies even when factoring in the effective rate.
![TPO-2011-01-Table-2.jpg](/proxy.php?image=http%3A%2F%2Fwww.aei.org%2Ffiles%2F2011%2F02%2F09%2FTPO-2011-01-Table-2.jpg&hash=a23d2fe553372091b2bb46db0b9f4fb7)
We do have the lowest corporate tax revenue as a percentage of GDP. That would go up if we lowered the corporate tax rate.