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MIllions of good jobs have been driven from U.S. by taxes & regulation

To The Daily Sun,
Jim Hightower's Jan. 7 column, as usual, tries to mislead people by providing half-truths, playing on people's limited information, and by implying falsehoods as in his column's title, "Should giant corporations pay the taxes they owe?"

Of course they should pay the taxes they owe, and of course they do. Hightower is trying to make readers believe that corporations are doing something illegal because they are not doing what Hightower wants the law to be; but they are obeying the laws as they are.

Hightower complains that Carl Icahn is trying to get the tax laws changed in a way that Icahn thinks is best which is different from how Hightower wants the laws changed, but so far neither Democrats nor Republicans have changed them either way. (Note that tax laws typically change annually — apparently so beneficiaries are reminded to be grateful to politicians.)

Hightower complains that some U.S. businesses defer bringing profits generated overseas back to the U.S. until it makes business sense. (Corporate taxes are not owed on foreign profits until the money is brought back home.) This is similar to people who postpone selling stocks, houses, or other assets until it makes the most sense for them to do so considering all factors including taxes.

Hightower apparently wants taxes paid on overseas profits annually. Icahn wants the taxes on foreign profits lowered to incentivize bringing those profits home and putting them to work in the U.S. (rather than overseas) creating jobs, increasing salaries, investing, paying dividends, reducing debt, etc., all things that would help our economy and help create more and better jobs (which generates more taxes). Hightower seems to think the money will just go into a pile of cash someplace, like in the Scrooge McDuck comics of my childhood.

If forcing companies to bring their overseas profits home annually were a smart thing to do, Congress could change our tax laws. Democrats could have done it without any Republican support. Apparently Congress doesn't agree with Hightower.

Tax and regulatory policies like those Hightower promotes have driven tens of millions of good manufacturing (and other) jobs from the U.S. Those jobs used to support middle-class families on a single income. Those policies have also caused U.S. businesses to move overseas and to lose business (thus jobs, pay raises, etc.) to foreign competitors based in more business friendly countries. Hightower's policies result in fewer jobs, opportunities, and pay increases for American workers, and they reduce the total taxes collected by our government.

But leftists like Hightower don't really care about the harm caused by their policies. They only care about promoting ideas, even false ideas, that advance their ideology, their power, and/or profit, in this case by promoting contempt for corporations.

Don Ewing
Meredith

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On the Gilford Budget Committee, Mr. Leandro is a bit of a bully

To The Daily Sun,

On Tuesday evening I had a learning experience. I attended the Gilford Budget Committee's hearing on the proposed school budget.

I learned Kevin Leandro has managed both union and non-union shops. I learned Mr. Leandro has personal feelings about the amount of money some school support staff make. I learned Kevin really likes to hear himself talk. I learned he does not like to listen to others.

I learned he thinks it is okay to interrupt others when he does not agree with what they are saying. I learned he is unable to just listen and not impose his opinion. I learned he could not give a straight answer to some of the questions asked. I learned that everyone who had a different opinion from his was wrong.

I learned Mr. Leandro is a bit of a bully; he suggested I might cut off my nose to spite my face, should I exercise a certain right, at the town deliberative session. He was very rude to me, and to other members of the public who wished to express their opinion to the elected budget committee.

We elect government bodies to carry out our intentions, not to follow their own agenda. Mr. Leandro has his own agenda. The exhibition of agitation he displayed was quite disturbing to see in an elected public official.

Jacqueline Drever
Gilford

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