re: Biden says we're in an economic crisis. Lets raise taxes?

Fairfax CA

Description

So you're a fan of "trickle down" economics? Remember Ronald Reagan? Yea that worked out for America. The problem with giving corporations tax breaks is that they DON'T use them to create jobs. They don't save jobs. Companies have stock holders who want profit. Most companies can't do that with an American workforce. Why? Cost too much. Between salaries and insurance, etc. they can cut their costs 80% by manufacturing elsewhere. And Trump's tax package actually incentivized companies to do just that because they don't pay taxes on their overseas workforce. If any politician - Republican, Democrat, Independent - says they can bring jobs back they are full of shit. If you ran a company who's workforce costs pennies on the dollar guess what you'd do. The method that actually works best for companies is the "trickle up" concept. You can look that up. Biden says we're in an economic crisis. Lets raise taxes? (bayview) Biden reportedly planning first major tax hike since 1993 in next economic package. This dumb donkey is going to raise corp. tax to 28%. Smart move? Companies hurting will lay off people. Down size and even worst. Get out of US to manufacture. Back to Obama years. Weaker US the Demoncrats way. Give away our jobs. Let China get contracts. (kickbacks)