How American “Free Enterprise Capitalism” rips us all off.
Under Geo. W. Bush and Obama US corporate taxes are lower than Reagan was willing to accept. Yet Cisco’s CEO thinks US taxes are too high.
The American Capitalists are telling their vassals in Washington that they won’t bring the money home unless taxes are lowered. In other words, corporations want zero taxation just like the banks.
Don’t expect too many reports like this from Bloomberg.