What Is Tax Deferral?

[101ericrobert]

who sells stuff in china we make stuff there

[LoveToday8]

Once you start making your goods in China and Mexico, you're no longer an "American company." There are plenty of people here in the U.S. that would gladly take those manufacturing jobs BUT corporations are in a global race to drive down rages (globalization) so they'd much rather pay someone in China pennies on the dollar than pay an American worker a decent wage with benefits. We also need universal health care provided by the U.S. government. That would help businesses save money.

[JasonBeeArr]

This ad is implying the German company doesn't pay ANY taxes to Germany. Could that be true?

[dead8401]

America has tons of giant international corporations, there is nothing coming out of Germany that is going to compete with McDonald's or Coca Cola.

[revolutiongames2004]

normally id be against this sort of thing, but when corporations decide that theyre going to find every way they can to "cheat" on taxes (including bribes to congress), this extra tax really doesnt seem like that much. Aside from this: middle class americans are being duped into more taxes, because the governement is being cheated out of an estimated 1/2 of its money by corporate america. (Source:Perfectly Legal, David Cay Johnston)

[zenofsong]

@revolutiongames2004

If the common people could afford the services of the accountants and lawyers that corporations can easily afford they'd be paying nothing on taxes every year. I LOVE the idea of putting the taxes on those who can afford it, but this is too little too late. I have no doubt that corporate fatcats will expertly dodge this tax as well.

[guatay]

While foreign nations decrease tax rates to attract foreign companies/investment, democrats seek to raise taxes on U.S. corporations...so dumb. S Korea has no foreign investment tax, Germany recently lowered theirs, Mexico's is abt 6% along the border, Russia has proposed lowering theirs, & so on. Dems don't get it: lowering U.S. corp taxes to globally competitive rates enables corps to thrive, enabling expansion/projects, which creates jobs. JFK knew this: see JFK tax cuts on utube. MBA grad.

[23lisan]

At the beginning it says it's an issue before Congress... but is it a current bill or something they are tossing around? I visited the website, but found no further information. A search on the Library of Congress webpage brings up several results for "tax deferral" in the curent congressional session. I'd love to share this video on facebook, but before I do I need to know exactly what bill this is so I can let my friends and family know what to refer to in a letter to their rep.

[lazytimewaster]

isn't the whole point so that US companies don't go to China in the first place??!! The extra %10 tax looks good to me. Then we can employ more Americans, and at a decent wage, instead of taking advantage of Chinese Sweatshops. I'm all for the tax.

[bluefootedpig]

so you dont understand basic economics. Companies that dont grow can't hire as much, also, why work in america when you can work in china for less. Basically leave america. The biggest "american company" is boeing, and it only has 35% of its business in the US. So tell me, if the biggest company only does 35% of its business in america, and we tax them more, you think they will continue?

[altha2008]

charge forgien comanies a import tax that will caused the products the same if the make it there and ship it then to make it here

[bluefootedpig]

So y0ou want to hurt the poor? making them pay more for the same products? If someone is having difficulty paying for an american made product and the cost of that, then what would change if foreign companies had to pay more? All you are doing is hurting the poor of the country who rely on cheaper products in order to survive.

Also, you are then supporting bad business practice. Companies that do well to keep prices down shouldn't be penalized.

[altha2008]

want a fair playing field for american companies espcailly the small mom and pop comanies not big global companies

there has never been FAIR TRADE AGREEMENT this would make it fair

[altha2008]

want fair play and free trade does not offer that

besides ever 20 years or so a COn would get into office and job the taxes down to around 10% then all people who have off shores accounts bring there money home

[LoveToday8]

@bluefootedpig We could help the poor people by letting them have an opportunity to obtain a manufacturing job. Right now we are losing solidly middle-class manufacturing jobs to China, Mexico, Vietnam, etc. due to corporate greed. If we had more manufacturing jobs here, we could afford to pay extra for American-made goods. I personally don't mind paying extra to support American workers.

We pay a price for those low prices=less jobs.

Wal-Mart knows what they are doing.

[bluefootedpig]

@LoveToday8 that would work if we were still a manufacturing country. we are much more tech and service. The great thing about tech and service is that the average income is much greater. The problem is people want to get paid much higher than what your skillset is worth. So instead of trying to force a halt on technology and improvement, you could learn the new system and go with it. That is what happened during the industrial revolution, and now that is happening during the tech revolution.

[stevejns111]

You're an idiot

[ForceSmart]

Damn! This is exactly right, and I can't see how Democrats and liberals can't get this.

[yourboycal]

/watch?v=HcFUpZdffSs

more here !

subscribe =o

[CaliforniaArchitect]

Obama's plan to raise taxes on U.S. corporations doing business overseas is a RISKY SCHEME. Remember that phrase from a few years ago? In this economic depression, raising taxes won't do anything other than to reduce profits for everyone in the U.S.

[ganzma]

Finally, someone talking sense about taxes. Obama's spin is wrong and dangerous for America. Most countries only tax income earned in their country. The US is one of two major countries that does not. We have the second highest corporate tax rate in the world. With respect to having 18,000 companies registered with one address in Bermuda.why is it ok to have 300,000 companies registered with one address in Delaware and no operations there. The better US companies do the better it is for US jobs.

[zevgreen]

This is voo-doo economics. Almost no corporation pays 35% tax. About two-thirds of U.S. companies and foreign firms doing business in this country paid no federal income taxes from 1998 to 2005, according to a study by the GAO. The report also said that about 1/4 of large corporations - ones that had more than $250 million in assets or $50 million in gross receipts - paid NO taxes.

Fair trade tariffs PROTECT U.S. workers. Tariffs would make a level playing field, not prevent it.

[rizvisa1]

I see a factory in china. I see Chinese being employed. So what about the dude in america. How he gains. I see the a dude in germay gets health care and others from govt and the dude in usa does not. So american dude is screwed any how.

[artbrick]

What if the US government lowered the corporate rate to 20%? Do you think corporations might come back to the US? How many dudes in America will benefit if corporations had tax incentives to be in the US (not leave it)?

[rizvisa1]

only dudes that get any benefit are the CEO and top management. Look at the gap between salary and rate of growth in the difference. The corp tax rate is not the only issue. Like it or not, CEO make more if company make more. So it is cheaper to hire a guy in India or China to do here. So I am not inclined to believe that corp tax rate reduction will have a great and sustain impact.

[stiles5584]

I hate it when people are logical. Now what are the Dems going to do?

[y2knoproblem]

First, the United States does not produce anything here in this country. Second, lowering taxes overseas for U.S. business will only give more incentive to create jobs overseas not here.

[y2knoproblem]

Look at the trade deficit, Chip. U.S. has the highest trade deficit of all countries. We produce less and consume more than any other country in the world. Its an undeniable fact.

[bethie119]

best. video. ever.

[elgcpa]

So why not just do the obvious and eliminate the need entirely for US Companies to go abroad? LOWER THE CORPORATE TAX RATE.

Gee, that was easy. Anything else I can solve for you?

[MiaZgra]

Because the Democrats would melt into a puddle of icky green goo if they (gulp) lowered taxes.