Romney and jobs
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Curt Marlatt recently wrote questioning the guarantee of jobs from the Romney plan ("No Jobs Guarantee," Oct. 18 letters). The reason people invest overseas is because our corporate tax rate is 35 percent. A multinational is a multibillion-dollar enterprise, with a lot of money at stake. Do the math on 35 percent of $100 billion. Mitt Romney is trying to incentivize corporations to return here. It's better to get a smaller percentage of their pie than nothing! Besides, once more workers are employed here, fewer will need unemployment compensation and more will be contributing toward paying taxes, which will alleviate our deficit problem.
Another criticism of Mr. Romney is he only paid an effective rate of 14 percent. That's because of legal loopholes. The top rate is still 35 percent. Why is this a problem only at election time? Barack Obama supporters like to cry about inheriting a miserable economy. Why didn't they do something to shore up the tax code when they had filibuster-proof control of Congress?
Democrats like to whine about the two Bush wars. May I remind people, Afghanistan's Taliban harbored and gave safe passage to Osama bin Laden? As far as Iraq was concerned, the Russians and French ran interference for Saddam Hussein skimming money from the oil-for-food program of the United Nations. After 17 U.N. resolutions the United States was understandably upset and took action. The fault of George W. Bush was trying to rebuild Iraq with our tax dollars.
A more pertinent question to ask is whether the Middle East is a safer place today under Mr. Obama's policies.
First Published October 29, 2012 12:00 am