A Plan To Bring Home Jobs

It’s time to think seriously about bringing jobs back to this country.  The only way the jobs will migrate back to the USA is to make it very attractive for corporations to want to do business in this country.  When you look at the corporate tax structure and realize that most companies have tax rates in excess of 40%, you have to wonder if the good old USA is really sincere about bringing jobs back to this country.

Here’s a look at the corporate tax rates that exist in this country.

When you look at this chart a couple of things jump out at you.  First the 35% tax rate, and then the accumulated earnings tax, which could be as much as an additional 15%, bringing the burden on companies to nearly a 50% tax rate.   Add to the high tax rates, increasing health care costs and employee benefit programs, along with increases in city, state, and local property taxes and you really have a nation that is un-responsive to the needs of business.

In today’s competitive society, it’s hard enough to “make a profit”, but when you’re faced with then having to give away 50% of the profits to the government - You probably don’t want to do business in this country.  Cheap overseas labor has been the standard propaganda, pumped out by our government to explain why companies have moved through the turnstiles to other shores.  Labor costs are certainly part of the reason for the exodus.  High taxes and escalating health care/benefits are the root cause.  The USA has really become anti-business.

Think for a minute about today’s culture, CEO’s and CFO’s are considered criminals if they make large sums of money via their executive compensation.  I’m the first to suggest that many of the chieftains in corporate America are overpaid - many are.  Then again, who in their right mind would expose their family to the risks that come along with being the CEO of a major company today.  The risks are immense.  Government regulators could take down any company they choose to, citing some ancient regulatory dogma.  In today’s business climate you’re guilty until proven innocent.  The government regulators, while lax in some respects are still always there in your face.  Many CEO’s are forced to deal with ignorant, uneducated, in-experienced government regulators that are more concerned with making a name for themselves than promoting a fair business climate.  That’s risk.  I guess many of those CEO’s running the businesses have decided that they’d only be willing to take the risks if they can get paid for it.  I understand that.  That’s capitalism.  The risk justifies the rewards.

Today, companies are forced to cut employees just to stay in business.  Companies facing increasing financial burdens, along with the highly competitive society are forced into salary cuts and benefit reductions for the masses.  These cuts create further stresses on society.  Families are forced to downsize or re-locate, as their incomes are no longer sufficient to run their households.  Homes are sold.  Prices drop.  People move to other less expensive areas.  Feds. Cities and Towns raise taxes - businesses move.  Jobs are lost.  Businesses downsize.  More jobs are lost.  Stocks drop. 401k’s decline. Investment drops  etc. etc. etc.  We are currently in a deflationary spiral.

We can certainly point a finger a business and claim that they are to fault.  We can suggest that Wall St is greedy and profit mongering.  In my opinion we need to look at the US Government - squarely in the eye - and ask the question:  ”Has Washington created a business climate that will create and stimulate job growth ? ” …. NO.   Let’s point the finger at Washington.  The idiots running this government have not created a warm and cozy business climate.  They will suggest that they have.  They will claim that the USA is the best place to setup a business.  This is bullshit propaganda.  It’s time that the nation realizes this and wakes up !

The US government wastes more money each day than most companies could ever hope to make in a year.  The problem is that our government has become un-responsive and self perpetuating.  They don’t really perceive themselves as part of the problem.  In a capitalist business environment businesses are forced into bankruptcy when they fail to execute.  Conversely, governments simply print more money to stay in business.  This is exactly what our Government is doing.  As citizens of this great nation we need to unite under a common goal and seek remedies that will shrink the size of the Federal Government.  As the size of the government declines, so will the need to tax its’ citizens and businesses more heavily.

Businesses and jobs will only consider coming back to our shores when the climate is more appealing.  Government needs to shrink to bring jobs home.  Taxes need to decline.  Companies need to be permitted to make money, without the prospect of having to give 50% of their profits back to the USA.  Employees in America need to feel that their Government is working to support them - not working against them.

10 Step Plan to Bring Jobs Home For 2009

1. Shrink the Federal Government by 35% - All Sections / Divisions.
2. Eliminate All Federal/State Taxes for All Businesses.
3. Repeal Capital Gains and Dividend Taxes - Immediately 100%.
4. Cut Social Security Benefits by 50% across the board. - Everyone suffers.
5. Privatize Social Security - Permit employees to invest these funds how they see fit.
6. Bring Troops Home from Iraq - Defend our owns shores.
7. Revise the individual tax structure - Setup Consumption Tax alternative.
8. Mortage Payments - principal and interest - made 100% deductible
9. Cut City, State, and Local Governments by 50% - Across the board.
10. Streamline application and approval processes for business.

Even if we could implement half of these suggested steps - our nation would be better off !

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