Here is a link to the article that Rush was referring to in his second hour monologue today. Here is the gist of the article. Because of the outrageous and punitive level of taxation in this country, corporations are keeping foreign profits overseas. Repatriating the profits would cause a huge tax bite to be inflicted upon the corporation. The CEO of Cisco suggests that relaxing the repatriation taxes would encourage company's to bring that money back to the U.S.
It makes sense. What would you (the Feds) rather have, five percent of a trillion or forty percent of zero?
But of course this is the argument that the statists and leftists do not understand. They still haven't figured out that when taxes are reduced revenues actually go up. A: increased compliance B: increased economic activity.
It's so freaking simple!! But I keep forgetting ... it's not about revenue, and fiscal responsibility, and things THAT WORK. It's about control. It's about the loss of your individual liberty in favor of the collective so-called good.
