Or should I say, American Government: Bad for Business:
A new study from the Tax Foundation, a nonpartisan tax research group in Washington, shows that most American states tax job providers at a higher rate than any other country in the developed world.
Iowa is at the top of the list (congrats, Jeremie). Gotta love that Tom Harkin, fighting for the working man.
Scott Hodge, the author of the study, said this: “If federal lawmakers are serious about making the U.S. corporate tax system more competitive globally, they will have to partner with state officials to lower the nation’s overall corporate tax burden.”
Let’s face it, this isn’t going to happen.
Consider the presidential nominee-to-be, John McCain. All he talks about is raising taxes — mostly due to bogus and/or misdirected attempts to stave off climate change. McCain believes that corporate America has a ton of money to spare. And this is the Republican candidate.
I don’t even want to talk about what Obama and/or Clinton would do. Once thing for certain is that McCain’s calls for tax increases would pale in comparison to what Obama and/or Clinton will need to cover the cost of their lofty ambitions that are doomed to failure.
In spite of data presented in studies such as the one above, all the candidates continue to parrot the empty rhetoric of a need to “fix the economy,” and call on tax increases to do so.
As I’ve always said, the U.S. government complaining about the economy and unemployment is like the Menendez brothers whining about being orphans.