re: #469 lawhawk

Umm, even that fact check is chock full of caveats and finds that cutting corp taxes actually results in increased revenues - with the effects greatest in places like Ireland (which have become tax havens for businesses compared with mainland Europe or England).

Considering that corporate taxes are essentially passed through to consumers via higher costs for the goods sold, this makes some sense. They are able to have higher profits and/or higher revenues as a result of lowering costs.

In the good old days of nationa economy and barriers to international trade and investment, there was a lot more incentive to invest tax cuts into jobs that would benefit the USA.

Nowadays that money is invested wherever it brings the highest rate of return, and if that is India, Indonesia or Taiwan, then that is where it gets invested,.

The USA sees nothing of it other than more cheap consumer goods that people can sell at the Wal-Mart, where they now work for minimum wage without benefits now that they have lost their job because their previous employer closed the factory and relocated abroad.