So there you have it. Large corporations such as General Electric and Goldman Sachs get around both by their 700 lawyers, as well as other large corporations. It's the smaller corporations that pay these taxes, or don't pay most of the time, because few small corporations can get off the ground due to these taxes, or even the thought of them. So entrepreneurs wait, hoping for a better environment.
This is where Mitt Romney comes into play. He has a plan to lower regulations cut corporate taxes to 25% to make them more in line with other nations, or even a little lower. This will provide an incentive for people to start new businesses, or to keep their current corporation afloat. This will undoubtedly result in more jobs, and lower unemployment.
Obama has increased regulations and has made no effort to lower the corporate tax, and you can be assured he doesn't intend to lest it would have been done already. This goes along with the progressive agenda to play on the "feelings" of many Americans to petition that regulations are needed to prevent global warming. Yet the ultimate unspoken goal of progressives is to get rid of the smaller corporations in one of three ways:
- Preventing them from being formed
- Causing them to go bankrupt or otherwise close shop
- Larger corporations absorbing them
By getting rid of the smaller corporations will make it easier for the government to take over various industries and create a socialistic society. This was the reason for playing on the need for healthcare to pass a healthcare bill that will pretty much assure many smaller businesses drop their healthcare plans in favor of a "free" government health insurance program.
So the 2012 election is basically a battle between capitalism and the quest by progressives to turn the U.S., into a progressive nation. Capitalism gives you the right to choose, and socialism assumes the system is too complicated for you and "their" experts should decide how you should spend your money.
It's your decision. We here are Freadom Nation endorse capitalism.