Annotated linkes

http://www.businessweek.com/investor/content/jul2009/pi20090716_980847.htm
This link discuses the backlash of all of America’s Corporation’s outsourcing production to overseas countries. It identifies the growing problem of all of America’s Corporation tax revenues and jobs going to overseas nations. It leaves the treasury to fund higher unemployment levels with less money coming from corporations to contributing to tax revenues. Secondly it shows how it has a drastic loss in our Nations’ GDP overtime.
http://www.businessweek.com/bwdaily/dnflash/content/may2009/db2009054_337394.htm
Obama’s new proposal on corporate tax will leave American Multinationals Corporations vulnerable to foreign take over. The new proposal that closes loopholes that allows American Corporations to compete against a double tax policy. Corporations fearing large profit losses and other overseas competitors with higher stock prices will leave the U.S. moving their headquarters overseas.
http://www.heritage.org/research/Taxes/wm1891.cfm
Talks on the “lock in effect” on selling stocks referring to the effect that higher corporate tax rates have on investor’s willingness to sell. Investors are more likely to hold onto their stock in companies longer fearing paying higher tax on profits earned in stock trades. The “lock in effect” does not promote economic growth as it limits reallocation of low performing stocks to more profitable investments. High rates also slow an economy as it deters people from investment which weakens businesses.
http://blogs.wsj.com/washwire/2009/10/06/is-a-corporate-tax-overhaul-next/
This article touches on how reform on corporate tax policy will be the next issue for the current administration to overhaul. Costly reforms such as health care, energy, and bailouts has left congress with gaps to fill in our deficit that corporate tax increase will have to cover. It also sees a reason for reform as more and more of our American Corporate tax revenues go to foreign government.
http://www.notoriouslyconservative.com/2009/06/obamas-multinational-tax-policy.html?showComment=1257790439992#c5946449808393694721
This post is from another blogger that is concerned with how high corporate tax rates hurt the U.S.’s economy. He similar to myself fears that Obama’s new corporate proposal puts our multinational business at such a disadvantage that they will the country to find better tax structures in foreign countries to prosper in. He also explains how the loopholes that the president wants to get rid of in his new proposal keep our Multinational corporations in America.