Do you think reforming the Corporate Tax code should include a minimum tax on overseas corporate profits? And do you think there should be a lower rate for manufacturing in the US?
All told; should these be done to close any advantage to moving operations overseas?
ObamaMan, under Obama’s plan GE would not abe able to do that.
There should be a confiscatory tax on any and all goods and services that originate outside of the U.S.A. and that ***includes*** goods and services that are "called" made in U.S.A. just because the facility that is located in a foreign country is owned by a U.S. corporation. (I personally know of at least one mega-corporation that does this and which outsourced over 2000 U.S. jobs to China but still can call its product U.S.A. made because it ___owns___ the plant in Shanghai).
Like I said, confiscatory taxes for any and all product/goods/services originating outside the U.S.A., confiscatory import tariffs.
Add to that zero export tariffs and large tax breaks for all companies that are wholly contained within the U.S.A. plus tie the price of our exported foods to the price of crude oil, i.e., if crude oil is $100.00/barrel (thank you OPEC and speculators) then corn costs $100.00/bushel.
If oil is reduced to a reasonable price that is followed by a reduction in retail prices, e.g., 50 cents/gallon for gas then the price of corn is reduced to a reasonable level.
Make speculation in commodities a felony and forbid anyone who serves in any house of the Congress from owing any portion of a business other than a third-party managed 401(k)
that will help reform much more than the election of either of the straw-men that are being offered up for the president’s job this time.