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Meet Five CEOs Who Prove That Lower Corporate Taxes Don't Equal More Hiring
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12-17-2012, 08:52 AM
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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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