The New York Times Has a 'Crazy Idea'

Reader Comments
Back to blog

Corporations do not have to pay tax on foreign earnings until they repatriate them. Insead of paying tax they use the money to expand manufacturing overseas taking away even more jobs from Americans.
It is time to start taxing foreign earning when earned, just like in the US and end this stupid policy that is hollowing out the American labor market.

Tom of IL 1:00PM August 19, 2008

"Here is a crazy idea to address the United States' gaping fiscal deficit: persuade corporate America to start paying taxes."
I would favor selling the "M" states to pay down the deficit myself: Mexifornia, Mexizona, Mexas, Nuevo Mexico, and Mexinois. Make money while creating a buffer zone that would be much more effective than a fence.
Sounds crazy, but countries have sold land for money before, e.g., the Lousiana Purchase, Alaska.

Luther of 11:57AM August 19, 2008