Further proving that he cares more about corporations than people, and that he believes in the foolish theory of ‘trickle-down’ economics, Texas Governor Rick Perry went on record today saying that a 35% tax rate on corporations (which most of them don’t even pay) is too high, and that we should lower it to zero percent in order to get them to start creating jobs.
Here’s what he said:
And here’s another issue from my perspective. Corporate profits that are offshore, that we tax at 35 percent. We know for a fact that money’s not coming back. They’re going to leave that offshore. So why not look at, and talk about, how you repatriate those dollars and have those dollars focused on job creation, but allow them to come back in at a substantially lower rate than 35 percent. Say, something like, if it’s clearly going for job creation, like zero, to get this economy working again.
Somalia has a zero percent tax rate AND no government. How’s that working out for them?
Here’s the video of what Rick Perry said;