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Meet Five CEOs Who Prove That Lower Corporate Taxes Don't Equal More Hiring
12-17-2012, 08:52 AM
Post: #1
Meet Five CEOs Who Prove That Lower Corporate Taxes Don't Equal More Hiring
http://www.alternet.org/labor/meet-five-...ore-hiring

From the article:
Quote:Corporate tax rates must be lowered in order to create economic growth: this is a key argument made by CEOs and their political allies while they push for a fiscal cliff deal. That was in the Bowles-Simpson plan, and members of Fix the Debt are pushing for that too, along with a territorial tax system.
...

They are:
1. Randall Stephenson, AT&T
Average effective federal corporate income tax rate, 2009-2011: 6.3%
U.S. job layoffs since 2007: 54,000

2. Lowell McAdam, Verizon
Average effective federal corporate income tax rate, 2009-2011: -3.3%
U.S. job layoffs since 2007: 30,000

3. David Cote, Honeywell
Average effective federal corporate income tax rate, 2009-2011: -14.8%
U.S. job layoffs since 2007: 4,000

4. Kenneth Frazier, Merck
Average effective federal corporate income tax rate, 2009-2011: 13.2%
U.S. job layoffs since 2007: 13,000

5. Terry Lundgren, Macy’s
Average effective federal corporate income tax rate, 2009-2011: 20.7%
U.S. job layoffs since 2007: 7,000

Where are the jobs that the "job creators" are supposed to create with these great tax breaks the GOP has been pushing?
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