Astonishing ignorance

Here is what she said...



Now she is "clarifying"...

“I short-handed this point the other day, so let me be absolutely clear about what I’ve been saying for a couple of decades.”

“Our economy grows when businesses and entrepreneurs create good-paying jobs here in America and workers and families are empowered to build from the bottom up and the middle out — not when we hand out tax breaks for corporations that outsource jobs or stash their profits overseas.”

Dan Calabrese responds:

What matters is the substance of what she actually said, which is that businesses and corporations don't create jobs. Those were the words that came out of her mouth.

The only reason businesses "stash their profits overseas" is that the United States foolishly maintains a tax on repatriated profits. Companies who operate abroad and make money abroad can hang on to the money they earn there only if they keep it there. If they try to bring it back, they have to pay a tax on it. Solution: Repeal the tax on repatriated profits and watch as capital floods into the U.S. economy.

Does Hillary Clinton even know this? I doubt it.

If you don't want corporations getting "tax breaks" when they choose a certain method of securing labor, I have a solution: Get rid of all tax breaks. Simplify the tax code so everyone pays one, simple rate, and stop giving breaks to some while denying them to others on the basis of certain choices they make. Do you think Hillary Clinton would support that? I doubt it. Then again, I doubt she even knows enough about the tax code to know it's an issue.

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