Obama Shouldn’t Buy The Lower-Corporate-Taxes Line
http://blog.ourfuture.org/20130401/obama-shouldnt-buy-the-lower-corporate-taxes-line?utm_source=rss&utm_medium=rss&utm_campaign=obama-shouldnt-buy-the-lower-corporate-taxes-line
[div class="excerpt" [div class="excerpt" style="box-shadow: 10px 10px 5px #888888;"]
According to the
Center for Budget and Policy Priorities (CBPP) , Corporate tax revenues as a share of GDP have fallen to near historic lows.
At 1.7% of GDP in 2009, the US has
the third-lowest effective corporate burden in the world. according to the latest OECD analysis (for 2011 revenues), based on corporate taxes as percentage of GDP.
Meanwhile Americas corporations arent suffering too much from being less competitive. Corporate profits are the highest ever, as a share of GDP.
Finally, are these supposedly high taxes even being paid, thereby making the giant multinationals less competitive? The CTJ/ITEPstudy also found that 78 of 280 of the nations largest and most profitable companies
paid no federal income taxes in at least one of three years.
(more)
Tell President Obama he shouldn't be overcome with a burst of unilateral bipartisanship and give in to Corporate Fuedalists' demands for even lower taxes for the new Lords in the
Corporate Feudalist society we are heading for.
White House contact the President page:
http://www.whitehouse.gov/contact/submit-questions-and-comments
and tell your Congressmen to tell President Obama to not fold on this issue.
Congressional email addresses:
http://www.contactingthecongress.org/
or find your senators here:
http://www.senate.gov/pagelayout/senators/f_two_sections_with_teasers/states.htm
and representatives here:
http://www.house.gov/representatives/find/