Why should U.S. corporations continue to receive govt tax breaks?

Question

The reason we help corporations with tax breaks is so they will remain strong and competative to keep prices low and domestic employment up.

If these corporations keep prices artificially high and offload jobs, shouldn't they lose their tax exemptions?

I'm sick and tired of this government/big business partnership at the expense of U.S. taxpayers. I say, any US company that offloads jobs should lose its tax breaks. Give them an incentive to keep jobs here!

Answer 1

Corporations keep prices artificially high so they can keep paying their CEOs and other top-echelon executives outrageous salaries. NO one person is worth 600 - 800 times more than any other employee. NO one person deserves to be paid a multi-million-dollar salary when the workers "on the front line in front of customers" sometimes barely make minimum wage. If you reduced the wage of a CEO who earns $10 million a year to a still-generous $1 million a year, the corporation would be able to give 300 other employees a $30,000 raise - or hire 300 new workers at $30,000 per year. -RKO- 05/03/07

Answer 2

I am afraid you have a simplistic view of things the government really don't give business anything if they tax business more 2 things will happen, business pass the tax on to you ex oil companies, out of $3.00 you are paying for gasoline $1.00 is government taxes that's why they control our public schools so they can convince you they are for you.
Second if taxes are too restrictive and business can't compete guess what they are out of business and who looses the average citizen with even higher taxes and unemployment.

Answer 3

I agree in sentiment but the economic reality is hard. American corporations are now forced to compete globally. Generally speaking, the country with the best tax policy and corporate incentives will be were new companies base themselves.

Answer 4

You make a valid point about creating the right incentives for business to expand and hire new workers. Keep in mind though, the trade-off in preventing firms from moving offshore are higher prices for consumers and slowing demand for US goods and services. The higher prices (increased inflation) compounded with slowing demand (possible recession) would lead to fewer jobs for US workers. In the end, it seems disallowing US companies to operate offshore would lead to fewer Americans working.