February 26

Ways and Means Chairman Brady: America needs a tax code for the 21st Century

America, the land of the brave home of the free is slowly losing our jobs to to other countries due to their lower tax rates. Since January three major companies have moved to Ireland with its 12.5 percent tax rate. Showing a higher increase in companies leaving America as on average we lose 4 companies in the whole year.

By: http://www.foxnews.com/opinion/2016/02/24/ways-and-means-chairman-brady-america-needs-tax-code-for-21st-century.html

America, the land of the brave home of the free is slowly losing our jobs to to other countries due to their lower tax rates. Since January three major companies have moved to Ireland with its 12.5 percent tax rate. Showing a higher increase in companies leaving America as on average we lose 4 companies in the whole year. The root of this problem comes to our broken tax code as it has brought our tax rate to 30 percent. This is much higher than many other countries which causes us to lose all these companies.

This affects us on a national scale as without these jobs more people will have to go under unemployment. As more people suffer unemployment it places a greater a strain on the country as the working class must soon try to supply the unemployed. Healthcare will rise higher and higher as less people have money for their own health care. All these possibilities have came into play and will continue to rise as more companies leave the United States. We must lower our tax rate or we will never be able to compete with outside companies.

On the local scale this still affects us as jobs are limited. As our economy gets worse gas prices go up which then costs more for merchandise while our jobs payment slowly go down. This is why more and more people are under the support of food banks and government assistance. This also goes to the point of why their are some who are completely under the care of the government. If we were to bring back these companies though we would be bringing two trillion dollars back into the United States and all its cities.

My opinion of this is that we should do away with these taxes and places a flat tax upon all items coming in our ports and being sold locally.


Posted February 26, 2016 by cstone in category Math

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