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Yes, the corporate taxes are high as far as the marginal rate is concerned. Most corporations are smart enough to not pay the marginal rates. The cuts to corporate taxes has been proposed to Congress, even by Dems, but they are not biting.
Right, they avoid doing business here to avoid our taxes and get exemptions for the business that they do do here.
They started five years ago.......Either way, whoever wins will inherit a good trend.
It's why no politician is ever held accountable. Their supporters have no shortage of praise and accomplishments ready to throw at them for no reason whatsoever.
Reshoring trend of moving operations back to U.S. gains steam
More manufacturers are bringing production back to the U.S. in an effort to cut costs and move closer to customers, among other factors, a new Boston Consulting Group survey says.
Seventeen percent of manufacturers are "actively reshoring," or moving operations back to the U.S., up from 13% in 2013, according to BCG's survey of 263 U.S. manufacturing executives in September.
What's more, the U.S. has surpassed China as the most likely destination for new factory capacity for goods sold in the U.S. Thirty-one percent of the executives with at least $1 billion in annual revenue said they're most likely to locate such facilities in the U.S. within five years, up from 26% two years ago. Just 20% would choose China, down from 30%.
That makes the U.S. the most likely destination for the new capacity, with the country outpacing Mexico as well. The reshoring trend began more than five years ago, partly reversing a decades-long offshoring movement that saw manufacturers take advantage of low foreign wages.
If that's true, then that's great news. President Obama wanted to ship as many jobs as possible away from us and into China, but that apparently hasn't worked. This news here is a positive trend. The better opportunities all happen here.
“We are five days away from fundamentally transforming the United States of America.” — Barack Obama, October 30, 2008
“We are going to have to change our conversation; we’re going to have to change our traditions, our history; we’re going to have to move into a different place as a nation.” — Michelle Obama, May 14, 2008
My cousin is an engineer for Boeing. When Boeing moved from Washington State to China, she lost her job. After the epic failure of the operation in China and losing billions to the incompetency of Chinese workers and engineers, they moved back to Washington and she is now gainfully employed again.
Of course, because Boeing was not even intend to "run china plant well" initially.
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