Traverse City Record-Eagle

August 27, 2012

Letters to the Editor: 08/27/2012


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Cut corporate taxes

I don't think it takes a rocket scientist to understand that employing millions of people will generate billions of dollars of revenue for our ailing economy.

Sending American jobs overseas supposedly makes the cost of goods less expensive to our consumers. Let's analyze that scenario.

When American corporations are taxed at 39.5 percent of profits, which is the highest rate in the world, is it any wonder they look for a way to sell their products competitively?

Why not invite the CEOs of the top American companies to a seminar where they can express their ideas on how jobs can be brought back to American shores?

I would suspect that a general consensus would be reducing corporate taxes, to say 15 percent, or some viable rate would result. As we have heard, China and India are eating our lunch, with big smiles on their faces. China's economy is thriving because our companies have been forced to give our jobs to them.

In addition, our administration in Washington is allowing many jobs to be filled by illegal immigrants. This country of ours is in serious trouble. The economy and jobs can solve many ills, but not all.

Please America, wake up.

James P. Zickel

Traverse City