Comments on: New tax threatens U.S. recovery

By: Tim, St. Paul MN

Tim, St. Paul MN — Tue, 28 Jul 2009 17:22:20 +0000

Why is there never any talk about companies having to pay a price to play in the USA. If companies do not want to sell products here, I suggest that they go elsewhere. I am sure that other companies will be happy to start up here and take this business. Instead all we get from these corporate CEOs and Wall Street is that the US worker has to accept less and that their taxes are too high. Why is the solution to every problem that companies have is to layoff the workers that had no part is the decisions that led the company into financial problems while the people responsible got huge bonuses.

By: Yong from Silicon Valley

Yong from Silicon Valley — Mon, 20 Jul 2009 23:59:33 +0000

You get what you paid for, the fact that major companies do outsourcing is because they do get more out of it. That's just business.

So talk about outsourcing:

Person 1: A Chinese/Indian who spends 8 to 10 hours studying everyday since elementary school.

Person 2: A cool US guy who spend most of the time playing video games, going to theme parks, enjoying weeds and playing beer pong.

Who should get the job? Execuse me, who said "Everyone is created equal"?

Bottom line, if you don't want to lose your job, go work harder.

By: Wendy, Atlanta, GA

Wendy, Atlanta, GA — Mon, 20 Jul 2009 15:33:28 +0000

I don't doubt that US corporations don't nearly the marginal rate in income tax, but who cares? Taxes will be passed on in the form of higher prices and job losses, so I'm not too excited about seeing them "pay their fair share".

And why is the conversation always about the employees? So many people act like profits are entirely irrelevant. Every job forced to stay in this country is a hit on a share price or a product price. I don't want to see the stock market more in the tank than it already is. It's not all about the jobs. All of us are affected by having corporations that don't generate ROI for their investors or charge more for products and services, not just the evil, stinking rich.

I'm not thrilled about oursourcing either, but the private sector needs to come up with new ways to create jobs and not delude ourselves into thinking we can use the police power of government to keep jobs here. Maybe in the short term, but not in the long term.

By: L Stock, Dallas, TX

L Stock, Dallas, TX — Sun, 19 Jul 2009 17:46:01 +0000

The OECD website shows that of the 30 member countries, the US has among the highest corporate tax rates but it also shows that among those 30 countries US corporations pay the fourth lowest in corporate taxes as a percentage of GDP. The difference is exemptions and loopholes. Whining about high corporate tax rates if you are advocating eliminating the exemptions and loopholes is one thing, but keeping them while lowering the corporate tax rate is just another ripoff by corporate America. I haven't heard anyone advocate for lower tax rates and elimination of exemptions and loopholes.

By: John, Dorr MI

John, Dorr MI — Sat, 18 Jul 2009 02:41:33 +0000

This is all about one-world government run by a bunch of elitists. First and foremost, let's run the U.S. economy into the ground. What I'm really waiting for is the effort to eliminate guns from this country and how that's going to be spun.

By: Lena, San Jose, CA

Lena, San Jose, CA — Fri, 17 Jul 2009 19:52:27 +0000

I totally agree with Mr. Chen. The government does not create wealth; it redistributes it. Doing so, at excessive rates, as it is now and proposes to in the future, simply stifles growth and creativity. Instead, it should LOWER corporate and individual income tax rates, and money would flow into the government coffers. Unfortunately, most people in our government and most voters have a below-average financial IQ, so they actually believe in the concept of a free lunch.

By: D, Concord, MA

D, Concord, MA — Fri, 17 Jul 2009 19:12:25 +0000

As a Sybase employee, seeing this article from my company's CEO makes me ill.

By: MD Germantown. MD

MD Germantown. MD — Fri, 17 Jul 2009 14:25:51 +0000

James Jupiter, Erik T, and a few others are right. We can tax anybody, but theres no point on taxing if you just give them all the tax breaks and loopholes they want. And Outsourcing should be taxed 5 times with no loopholes. Thats the only way you're going to stop outsourcing, by making it cost to hire overseas than hire an americian. And while we are at it, cant we change it, that if a company outsources to other countries that they are no longer consider an american company? If you cant hire americans, then you shouldnt be known as an americian company….

By: frank scarangella roslyn heights ny

frank scarangella roslyn heights ny — Fri, 17 Jul 2009 13:38:19 +0000

talk about pouring water on a drowning man… This is waht Obama is doing with his tax increases. You all voted for him now your complaining. you got what you wanted. a cool guy as president Coll but an econimic infent

By: Vivek, Singapore, Singapore

Vivek, Singapore, Singapore — Fri, 17 Jul 2009 11:14:19 +0000

I just moved to Singapore from NYC and am already in awe of the government's efforts here to promote entrepreneurship. . It is disappointing that President Obama has not yet introduced any far reaching economic decisions to pull the nation out of the worst crisis in seven decades. I sincerely feel all international relations and partnership building can wait until after the economy is back on track. It is also hard to believe that America does not have a credible 'Entrepreneurship' visa (as opposed to the foreign worker visa) to attract bright entrepreneurs who will invest money and create new jobs in the US. Singapore, for example hands out Visas to any one with a briliant idea and some cash to invest. Look at what this country half the size of NYC has done in terms of economic progress !