MineralMan
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Fri Aug-05-11 07:56 AM
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How about a "stash tax" for corporations? |
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Right now, many major corporations are sitting on huge cash reserves, instead of investing that cash and creating new jobs. Maybe a nice tax on excess cash reserves would be a good idea. It could be earmarked for public works programs that hire people.
I'm thinking this idea won't fly, but I like it anyway. Combine that with a head tax on all H1B visas used to import workers, and lots of revenue would be generated. I believe I'd make that visa tax something like 100% of the worker's salary. That should do it.
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FreakinDJ
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Fri Aug-05-11 07:59 AM
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1. Drop the Foreign Profits Tax. / Eleminate Foreign Tax Credits |
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Edited on Fri Aug-05-11 08:04 AM by FreakinDJ
and Tax Foreign Corps the same as American Corps Other then that the WHOLE US Corporate Tax Code needs to be overhauled http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=114x88850But on a more positive note - Senate DEMS have a Butt-Load of bill aimed at closing the many Corporate Tax Loopholes http://levin.senate.gov/newsroom/press/release/summary-of-the-stop-tax-haven-abuse-act-of-2011/?section=alltypesIt upsets me when trying to advocate support for these Bills here at DU and I get is that "Glassy Eyed Deer in the Headlights" look from many DUers.
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MineralMan
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Fri Aug-05-11 08:04 AM
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2. Not a bad idea, either. Or a punitive tax for companies that |
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export manufacturing facilities and then sell the resulting products in the US. Make it high enough to make offshore manufacturing and importing unprofitable. I wouldn't quibble with, say, an auto manufacturer that built a plant in India and sold the cars in India.
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FreakinDJ
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Fri Aug-05-11 08:06 AM
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3. Most countries impose an Excise Tax |
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which makes sense.
Those Foreign Corps depend on America's infrastructure and government regulatory services just as much as domestic corporations do.
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mmonk
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Fri Aug-05-11 08:09 AM
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4. Just an enforced income tax would work. |
MineralMan
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Fri Aug-05-11 08:14 AM
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5. Yes, but I'm talking about taxation for a particular effect. |
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Specific taxes used to motivate corporations to do what they should already be doing. It won't happen, of course, especially with this Congress, but targeted taxes could function very nicely to achieve specific goals.
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FreakinDJ
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Fri Aug-05-11 08:24 AM
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7. We say "Tax" - they say "Cut" |
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Edited on Fri Aug-05-11 08:28 AM by FreakinDJ
as long as House Republicans own a majority of seats in the House no significant changes will come out of Washington, and that means the economy will continue to falter. I believe the only means to bring the US out of the current recession/depression is close loopholes / enact tax code that actually encourages growth.
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Waiting For Everyman
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Fri Aug-05-11 08:23 AM
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6. It's called a high top tax rate with deductions as incentives |
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to steer investment where we want it to go.
We already had solutions to all of the problems we have now, we just refuse to use them.
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FreakinDJ
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Fri Aug-05-11 08:25 AM
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8. Unfortunately US Corp Tax Code steers it offshore |
WhiteTara
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Fri Aug-05-11 08:48 AM
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9. NY Mellon bank is, it's a great idea. n/t |
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