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View Diary: My FAVORITE Part of the Mittgate Tapes (13 comments)

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  •  The secret to making capital invest in jobs is... (1+ / 0-)
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    benvautier

    ...drum roll...higher corporate taxes. Corporations will then reinvest a good portion of the money they hold in cash for capital improvements, including adding workforce, because putting the money to work (counting as expenses, instead of excess profits) will make the company more money than holding it for taxation. It's win-win as far as I can see.

    Lowered corporate taxes have only taken money out of the economy, and while lower corporate tax rates are good for the economy in many circumstances, they're counterproductive in others.

    Some people are intolerant, and I CAN'T STAND people like that. -- Tom Lehrer

    by TheCrank on Mon Sep 17, 2012 at 06:06:21 PM PDT

    [ Parent ]

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