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This change included a corporate tax rate cut to 12.5 percent, far below the rest of Europe, which attracted foreign investment. Nine of ten of the world's top pharmaceutical companies and seven of the top ten software designers currently have operations in Ireland.
In 2001 the Tax Foundation hosted a delegation of congressional tax staff on a European tax conference that included a meeting with officials from Ireland’s Industrial Development Agency, who explained that the corporate tax rate cut had stimulated economic growth and new foreign investment. Read Tax Foundation President Scott Hodge’s description of the trip.
the cost of losing an employee is about 38 percent of the departing employee's annual wage.
Originally posted by SectionEight
This stuff just tanked Obama's campaign. I was wondering what it would be. Now the LA Times are holding back a video of a meeting with Obama and a bunch of radicals having lunch and slamming the US hard in the keaster while stuffing their millionare mouths with food. The final nail in the coffin is out there and it's about time.
Originally posted by sos37
Another economist on the radio last night, saying what Americans need to hear and giving SOLID evidence that Obama's tax plan is going to HURT the U.S. economy:
1. When the country is headed into a recession, you DO NOT raise corporate taxes. That's economy 101
Lets not forget Americas founding fathers weren't born Americans but chose to develop a system of government designed to protect itself from individuals within it who may try to shamelessly misconstrue its intent to their own purpose or end.
Originally posted by makaira1985
Joe the marina manager: Hey Mr Obama, I heard your campaign raised $150 million for the month of September.
Barack Obama: Yes we are very pround of that. I believe it is a new record for campaign donations.
JMM: Well thats great. However, since John McCain did not do so well we are going to have to take half of that money and give it to his campaign.
BO: WHAT?? YOU CAN'T DO THAT! I WORKED HARD FOR THAT MONEY. ITS MINE. YOU HAVE NO RIGHT TAKING MY HARD EARNED MONEY FROM ME!
JMM: So much for sharing the wealth.
(Credit political cartoonist R. Meke)