(and socialist AND fascist, and they don't know why those don't work together either)
Pssst. Fascism is just socialism with the class warfare replaced by nationalism. Two sides of the same coin.
This is just Comcast trying to get some good PR before they force their agenda through. There is no purpose in companies kissing up to President Barack "Lawnchair" Obama, as he has consistently caved to the demands of conservatives and big businesses every time it was important to do otherwise during his administration. Every. Single. Time. Remember how he said he was going to stand up to insurance companies, and offer a single-payer option for health care? Remember how that was going to be his crowning achievement as president? Did we get any of that? No.
Ah yes, Obamacare. How many Republican votes did it get? How many chances did Republicans get to put in their $0.02 in conference? How is this a cave to the Republicans when they were locked out of the entire process and the entire thing passed with zero Republican support?
The system has been rigged so that the wealthy and corporations have way to skirt around tax law that the rest of us do not
False. About $1500 to set up a Hong Kong LLC, and about $800 a year to maintain it. Profits earned overseas are then not taxed until you repatriate them to the US. And HK will not tax your profits as long as you don't do the work within Hong Kong. So a great way to defer your taxation until you decide you want to pay it. And quite cheap, too - it doesn't take much in the way of profit (as a personal consultant) to save $800 in taxation...
Why not eliminate them altogether? They are about 10% of the total revenues of the US Government. So why not just eliminate them altogether? Here's my thinking...
Eliminate the corporate tax in the US altogether. Every company based in the US will suddenly exist in the greatest tax haven in the world. All companies world-wide will want to rush to the US to shelter their own incomes from their home countries. Lots of new revenue/assets flow to the US - as well as lots of jobs. How do those jobs come? Simple - if you want to incorporate within the US, then a certain percentage of all your jobs must be located within the US. You want to relocate from the UK or Luxembourg? Then, say, 20% of your workforce must be located in the US. That's tens of millions of new jobs coming to the US.
I bet taxes from funds spent inside the US (via personal consumption of the new jobs and spending related to construction and expansion) would more than offset the loss of corporate income tax. And we'd have more people working (rather than having nearly 100 million of working age sitting on the sidelines in the current economy). Not to mention the BEST way to raise wages is via competition - more jobs than people, which means more income for workers.
So little revenue gained from corporate taxes in the US, so eliminate them and turn that to the strength to draw all worldwide corporations into the US. And win from the economic benefits of their local spending and hiring.
"You don't go out and kick a mad dog. If you have a mad dog with rabies, you take a gun and shoot him." -- Pat Robertson, TV Evangelist, about Muammar Kadhafy