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Corporate Tax Breaks Stimulate Nationwide Unemployment

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Many millions of good jobs would surely return to America's shores only by revoking corporate tax breaks for outsourcing jobs and the corporate and wealthy tax havens in offshore accounts - Treasury would gain $150 billion and states $40 billion in additional new revenues.

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For week after week on end nearly 400,000 Americans apply for unemployment benefits and the job numbers created remain stuck at under 200,000 per month - a true economic recovery, followed by a booming full employment economy would require less than 100,000 Americans applying for weekly unemployment checks and over 300,000 jobs created each and every month.

A true economic recovery during President Obama's second term will be practically impossible as long as corporate tax breaks for outsourcing good American jobs remain in full force and effect - none of the leaders (Boehner/Reid) of the 113th congress are even talking about revoking corporate tax breaks and loopholes for outsourcing jobs, meaning in effect, a stagnant economy will persist, with yearly economic growth of less than 2% projected, will continue to plague President Obama's second term, the deficit rising to 16-20 trillion, and the job outlook for America's unemployed workers remaining grim, unless of course, but not likely that the president can "pull a rabbit out of his hat" (revoke corporate tax breaks/end the national debt by ending the Fed).

 

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Lance Ciepiela is a retired senior who had an interesting career in government service - a United States Marine Corps (USMC) Vietnam-Era veteran, who became interested in restoring the Constitution after I realized that W Bush had attacked Iraq (more...)
 

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