Why? Why are companies leaving the US and going over seas (Pfizer, Mylan, Walgreens, and others)? The simple answer is because the US has the highest corporate income tax rate than any industrialized country in the world.
There is a solution for keeping companies here. It's cutting the corporate tax rate while at the same time taking some of the loopholes away that favor the very wealthy.
Why isn't this being done? Because it's "political". Sadly, not too many politicians in Washington want to take loopholes away because it might come back and hurt their support or contributions. Also, once loopholes start getting plugged, it may attract those that want to vilify the "rich".
They don't know that by vilifying the "rich" they induce others to start vilifying hard-working business owners that may not be as rich as one might think.
Business owners, after paying employee salaries, a portion of their social security, medicare, vacation, medical and other employee benefits in addition to paying all other business expenses like rent, equipment, inventory, utilities, office expense, advertising and on and on ..... these business owners may not be the villains they are sometimes made out to be.
Congress - get your act together and lower corporate income taxes. Bring it down to around 25% as a start instead of the outrageous 35%.
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