Obama is "anti-business" says 3M

[spidey07]

Coming from a CEO who was in Obama's "business summit" this guy clearly knows what's up. It is simply against Obama's core values to promote what is in his mind "an unfair system that doesn't spread the wealth around". That being American industry and business.

http://money.cnn.com/2011/02/28/news/companies/3M_CEO_Obama/index.htm?hpt=T2

"We know what his instincts are ... he is anti business," Buckley said in an interview that ran late Sunday.

"There is a sense among companies that [the U.S.] is a difficult place to do business," he told the FT. "We've got a real choice between manufacturing in Canada or Mexico -- which tend to be more pro-business -- and America."

 

[Imp]

I can't help but feel that he didn't move manufacturing to the US when Bush was in charge. Totally out of my ass, no research statement, so take it as is.

 

[Thump553]

Yeah Mexico has a great business climate.

 

[ayabe]

Zero details there, sounds like he's mad that 3M isn't getting more subsidies from the gov.

No info as to why Mexico and/or Canada are better choices.

 

[Engineer]

Zero details there, sounds like he's mad that 3M isn't getting more subsidies from the gov.

No info as to why Mexico and/or Canada are better choices.

Lower wages in Mexico and doesn't have to pay healthcare in Canada.

 

[Phokus]

Zero details there, sounds like he's mad that 3M isn't getting more subsidies from the gov.

No info as to why Mexico and/or Canada are better choices.

This times infinity. It's not enough to give money to wall street and cut taxes for the rich, you're anti-business if your corporation doesn't get a piece of that government cheese as well.

 

[Zebo]

Sound like another CEO making excuses to sell out American workers and go for the gold in a race to the bottom global cheap labor arbitrage.

Short term profits are not necessarily healthy, socially or environmentally but I understand need for maximum profitability.

 

[manimal]

uncertainty arguments are the tools of charlatans

 

[soundforbjt]

Just another CEO that's interested solely in profits and hates the American workers.

 

[yllus]

Does anyone really care what Fortune 500 CEOs have to say about the economy? 52% of the U.S. economy is small businesses, and all net job growth in the U.S. since 1977 has been due to start-ups (PDF). Obama should respond with, "Why? What have you done for us lately?"

 

[Engineer]

Does anyone really care what Fortune 500 CEOs have to say about the economy? 52% of the U.S. economy is small businesses, and all net job growth in the U.S. since 1977 has been due to start-ups (PDF). Obama should respond with, "Why? What have you done for us lately?"

Fantastic point. Thanks for posting.

 

[dmcowen674]

Obama is "anti-business" says 3M

Just another CEO that's interested solely in profits and hates the American workers.

This

 

[Gonad the Barbarian]

Lower wages in Mexico and doesn't have to pay healthcare in Canada.

He'd have an easier time dumping toxic shit into the air and water in Mexico too.

I really don't understand why the libertarian/tea party types won't acknowledge these folks are the same type of self-serving psychopaths they rant about government being populated by.

 

[rudder]

Lower wages in Mexico and doesn't have to pay healthcare in Canada.

It would suck to be a Canadian doctor and having to work for free... but if it attracts businesses that do not want to have to pay anything into health care.. sounds good to me.

 

[Phokus]

It would suck to be a Canadian doctor and having to work for free... but if it attracts businesses that do not want to have to pay anything into health care.. sounds good to me.

Work for free? Ok...

I wonder how much it costs to go to med school in Canada. I know in some parts of Europe, med school is much cheaper than the US so lower wages are less of a problem.

 

[Doc Savage Fan]

Lower wages in Mexico and doesn't have to pay healthcare in Canada.

And don't forget lower tax rates...especially Mexico. We essentially incent our corporations to move out of the US.

 

[Vette73]

And don't forget lower tax rates...especially Mexico. We essentially incent our corporations to move out of the US.

And your little graph has shown to be biased and flawed since it does not take into account write-off and other tax breaks that Large corps get.
Many large corps pay less tax or no tax than many others that can't take advantage of the breaks they get.
See effective tax rate

Here ya go...

http://www.reclaimdemocracy.org/corporate_welfare/real_tax_rates_plummet.php

Don;t let facts get in the way of more faux outrage.

 

[Doc Savage Fan]

And your little graph has shown to be biased and flawed since it does not take into account write-off and other tax breaks that Large corps get.
Many large corps pay less tax or no tax than many others that can't take advantage of the breaks they get.
See effective tax rate

Here ya go...

http://www.reclaimdemocracy.org/corporate_welfare/real_tax_rates_plummet.php

Don;t let facts get in the way of more faux outrage.

Faux outrage? Did you accidently take a double dose of your meds today by chance?

The source of the "little graph" is Wikipedia...perhaps you should take it up with them.

http://en.wikipedia.org/wiki/Tax_rates_around_the_world

 

[Engineer]

And don't forget lower tax rates...especially Mexico. We essentially incent our corporations to move out of the US.

US has the highest corporate tax RATE (i.e. tax table rate) in the industrialized world. US, because of write offs, etc. has the 2nd lowest tax burden (i.e. effective rate) in the industrialized world.

 

[Phokus]

Faux outrage? Did you accidently take a double dose of your meds today by chance?

The source of the "little graph" is Wikipedia...perhaps you should take it up with them.

http://en.wikipedia.org/wiki/Tax_rates_around_the_world

His point is that it's incredibly easy for big corporations to dodge taxes and they don't ACTUALLY pay those taxes. GE had like a negative 1.1 billion tax liability.

 

[Vette73]

Faux outrage? Did you accidently take a double dose of your meds today by chance?

The source of the "little graph" is Wikipedia...perhaps you should take it up with them.

http://en.wikipedia.org/wiki/Tax_rates_around_the_world

AGAIN

See effective tax rate for US corps.

I guess you missed this part from YOUR link...

"The table is not intended to represent the true tax burden to either the corporation or the individual in the listed country"

But I guess facts are kinda hard for you to understand when they go against what you WANT to believe.

 

[PeshakJang]

This times infinity. It's not enough to give money to wall street and cut taxes for the rich, you're anti-business if your corporation doesn't get a piece of that government cheese as well.

Please show us the checks cut by the government to 3M.

 

[Phokus]

Please show us the checks cut by the government to 3M.

That's what i was saying actually, we've moved so far off kilter that NOT giving tax money to corporations is 'anti-business'. Do you have a reading comprehension?

Also, congrats on taking out your libelous signature regarding the tax thing.

 

[Engineer]

Please show us the checks cut by the government to 3M.

Uh, doesn't that kind of prove his point? :hmm:

 

[Doc Savage Fan]

US has the highest corporate tax RATE (i.e. tax table rate) in the industrialized world. US, because of write offs, etc. has the 2nd lowest tax burden (i.e. effective rate) in the industrialized world.

Do you have a link that shows "effective tax rate" by country? I'd like to see it if you do. Thanks.

Edit1: Found one....interesting conclusion.
http://www.cato.org/pubs/tbb/tbb_1008-50.pdf

Edit2: Don't forget that Corporations must also pay State and Local taxes too.
http://www.taxfoundation.org/news/show/22917.html

When compared to other OECD countries:​

• 24 U.S. states have a combined corporate tax rate higher than top-ranked Japan.
• 32 states have a combined corporate tax rate higher than third-ranked Germany.
• 46 states have a combined corporate tax rate higher than fourth-ranked Canada.
• All 50 states have a combined corporate tax rate higher than fifth-ranked France.