Wednesday, October 8, 2008

Tax Cuts to Corporations do not mean Job Creation in US

Senator John McCain keeps insisting that more tax cuts to the wealthy and corporations will create jobs in the US. This is not true.

There is no proof that tax cuts to the wealthy and corporations create jobs in the US? For example the wealthy can invest in a foreign emerging economy stocks or markets and corporations can use the money to build factories in China and combined with cheaper labor this adds up to even bigger profits. Being profitable and competitive is what corporations are all about. How does this affect US jobs or create US jobs? Has the US been losing jobs or creating jobs?

I would also like to know how the campaign contributions of Obama and McCain compare. I know that if I was wealth or a corporation I would probably support or endorse John McCain no matter what the effects on my country or fellow American citizen was. It's just business and about money right?

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