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What If Obama Defended American Business?
By Larry Kudlow, Jul. 25, 2014, Natinalreview.com
Just for once, wouldn’t it be great if President Obama actually defended American business, instead of attacking it?
Just once?
Wouldn’t it be great if Obama acknowledged that U.S. firms are overburdened by the highest corporate tax rate among developed countries, and as a result are becoming less and less competitive?
Wouldn’t it be great if he said he wants to fix this tax imbalance in order to grow the economy faster and give U.S. businesses a leg up on the global scene?
Couldn’t he just say that?
He could say it like this: “Look, I don’t want to drive businesses away. I want to keep businesses here. I understand the importance of business. I understand that you can’t have a good job without a thriving business. And I get that businesses require capital investment. And I understand that the investment and the business must have a high rate of return, after-tax. When that’s the case, the company expands, jobs grow, and families have more income to pay for health care, education, and the good life.”
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