On a side note, let's talk about unintended consequences. What would other countries do in retaliation for forcing them to cut their tax base to remain competitive? While they couldn't do much militarily, they could certainly do economic harm to us. We have a massive economy, but smaller economies could theoretically be devastated by this.
A fair point. Do we see a lot of that with corporate tax rates, or more on the tariff side of things? I don't know the answer.
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Date: 23/2/12 01:25 (UTC)A fair point. Do we see a lot of that with corporate tax rates, or more on the tariff side of things? I don't know the answer.