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The Water Cooler
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30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes
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<blockquote data-quote="ez bake" data-source="post: 1676264" data-attributes="member: 229"><p>Corporations should not have more rights than citizens. If a corporation makes more money overall than they pay out in expenses (and if they didn't, they wouldn't be around for very long *said tongue-in-cheek with regards to bail-outs breaking that rule*), then they made a profit. </p><p></p><p>That money needs to be taxed somehow. If it is not, then those successful corporations are not being vilified, they are breaking the rules - which directly screws the citizens who then have to pick up the slack with regards to taxes (lets face it, the government isn't getting cheaper to operate every year).</p><p></p><p>When Corporations skirt US tax laws, and then hold their hands out for bail-out money (or the massive amount of money given out by the .gov to corporations outside of TARP in the last several years), its salt in the wound. Sorry, but that's earning vilification if I've ever heard it. When the .gov is only paying out bail-out money to companies backed by Goldman Sachs, its downright stealing (and a direct result of that lobbying).</p><p></p><p>There are several corporations that are moving operations overseas in order to get out of paying US employees salaries and benefits (and to skirt US tax laws by keeping income outside of the US).</p><p></p><p>Combine that with their lobbying efforts that earn them special loopholes not only in tax laws, but in corrupting the free market that capitalism relies on (there exists today lots of one-sided regulation that requires smaller private companies to spend so much in money/resources that they can't compete fairly against giant public corporations).</p></blockquote><p></p>
[QUOTE="ez bake, post: 1676264, member: 229"] Corporations should not have more rights than citizens. If a corporation makes more money overall than they pay out in expenses (and if they didn't, they wouldn't be around for very long *said tongue-in-cheek with regards to bail-outs breaking that rule*), then they made a profit. That money needs to be taxed somehow. If it is not, then those successful corporations are not being vilified, they are breaking the rules - which directly screws the citizens who then have to pick up the slack with regards to taxes (lets face it, the government isn't getting cheaper to operate every year). When Corporations skirt US tax laws, and then hold their hands out for bail-out money (or the massive amount of money given out by the .gov to corporations outside of TARP in the last several years), its salt in the wound. Sorry, but that's earning vilification if I've ever heard it. When the .gov is only paying out bail-out money to companies backed by Goldman Sachs, its downright stealing (and a direct result of that lobbying). There are several corporations that are moving operations overseas in order to get out of paying US employees salaries and benefits (and to skirt US tax laws by keeping income outside of the US). Combine that with their lobbying efforts that earn them special loopholes not only in tax laws, but in corrupting the free market that capitalism relies on (there exists today lots of one-sided regulation that requires smaller private companies to spend so much in money/resources that they can't compete fairly against giant public corporations). [/QUOTE]
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30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes
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