Shorty
Boomer Boy
There is an incentive for US based multinationals to park money overseas since we have one of the highest corporate tax rates in the world. We should lower the rate and institute a VAT.
The fair tax nonsense somehow ascribes to the belief that the small percentage of the population that is accumulating a lion's share of the nation's wealth needs a giant tax break.
This is what I've been trying to say for a half dozen posts. Lower the 35% corporate tax rate. Reduce the incentive.