You dedicated your entire second paragraph to this. Immigration law trumps tax law. If H1B visas didn't exist, Corporations could not hire cheap skilled foreign workers.

As far as lobbying, yeah, absolutely. There are lobbyists for everything. There is the gun lobby, the immigration lobby, the union lobby, the wall street lobby. And yes, its all legal.I don't like it either. But without it, legislation would not get passed.

For example, I am a gun owner and supporter. Now, do I like the NRA? No. Do I agree with everything they stand for? No, but I am a member because I know that without the NRA pro gun legislation would not get passed and anti gun legislation would not get blocked.

@IF,

I was calling BS on the Big Business talking point that some of their actions benefit or are meant to benefit American workers in the "long run". It's a smokescreen. There are highly skilled and English speaking workers across the globe that American companies can pay much less to and when given the loopholes to do it via outsourcing or other methods, of course they will do it.It benefits the bottom line.
Just don't insult people's intelligence by peeing on our legs and then tell us it's raining.

Can't say I disagree with this sentiment. But like I have repeatedly stated, there are no quick fixes. This is a complex issue. If the democrats came up with some moderate legislation that could fix the problem with outsourcing, I'd be all ears.



41(d) QUALIFIED RESEARCH DEFINED.--

41(d)(4) ACTIVITIES FOR WHICH CREDIT NOT ALLOWED.--The term “qualified research”
shall not include any of the following:

41(d)(4)(F) FOREIGN RESEARCH.--Any research conducted outside the United States, the
Commonwealth of Puerto Rico, or any possession of the United States

From what I understand, the corporations domicile themselves overseas. So the money they park in tax havens...is not American money to begin with. You think your dealing with "US Corporations", but they are not that. If it was a corporation domiciled in the United States, then parking money in a haven would be a different story.

What no one has mentioned [or is rarely mentioned], is what country these mega corporations are domiciled in, since they are no longer "American Companies".

GetNets was correct in his linking the Subpart F codes. Those codes concern the advantages a corporation has when it is classified as "Foreign Based". So that's the loophole and its a difficult one to close because it makes perfect sense.

The root of the problem is currency. To be more precise, the US dollar is too strong. Factories are being built in countries where the currency value makes it cheaper to do so. Labor is being recruited in countries where the compensation is denominated in the local currency. Americans on the mainland are being left high and dry because they cost too much to hire, and it costs too much to manufacture here. The answer is to gradually devalue the dollar. I don't think the Federal Reserve or Federal government is willing to do that, so people can be expected to start abandoning the United States enmasse....in search of employment, if you can imagine such a thing. On closer inspection, the devaluation of the US currency might already be a [top] secret policy of the Federal Reserve and Federal government because the currency is already deflating [over time].

Knowing "US Corporations", I would imagine that a lot of their foreign holdings in their tax sheltered havens are denominated (or will be denominated) in some stronger currency chosen to remain stronger in relation to the rest of the world's currencies, whereas the US Dollar is planned out to become a commoners medium of exchange.

To say that "the root of the problem is currency" is a little myopic. Trying to strengthen your economy by devaluing the dollar is like saying I'm going to my company bigger by laying off employees. Devaluation is much different than inflation/deflation.

Currency is stronger here, but the good news it's getting less strong all the time.

The dollars is devaluating especially because the fed is doing that it is printing a trillion extra a year with nothing to back it up.

Almost forgot we are spending a crazy amount of U.S. Dollars to prop up the euro to keep if from collapsing.

Russia stopped using the U.S. Dollar.

We are going to be in serious trouble economically.

No democrate wants to fix it for them the future is now.

I am not even sure the republicans want to fix it either

90% of mcdonald's are owned by private franchises. These individuals are not corporate big wigs. These are small business owners.

http://money.cnn.com/2015/04/17/news/companies/mcdonalds-franchise-unhappy/index.html?iid=HP_LN

Many franchise owners blamed changes that McDonald's (MCD) is making under newly-appointed CEO Steve Easterbrook.
Easterbrook recently announced plans to raise wages for employees at McDonald's company-owned stores.
Franchise owners were particularly upset with the wage hike. Even though it only applies to workers at company-owned restaurants, franchisees worry that they will be pressured to raise wages too.

http://www.forbes.com/forbes-400/gallery

im a little confused. when 4 0f the richest americans are waltons,and with none being worth less than 35 billion.

and yet they say they are not am American company,and the corporation wealth is overseas. isn't this awake up call to change the tax system. are they or are they not robber barons. who through the 4th branch of government [lobbyists] make their own laws. below gates are the richest 15

Yes they may be fucked up.

But this government see's people who make 380 thousand in the dreaded 1 percent.

Right. I need to be careful with terminology. Deflation does not = devaluation. It's conceivable to have devaluation of the dollar, and an inflation in the nominal value of goods and services. The trick, of course, is to devalue the dollar while also guarding against inflation. Not easy. But that's why those people have PHds in economics and that's why we pay them to run the currency.

Anyone whose been following business news for the last few decades is well aware that not only has the dollar been gently falling, but the Fed is forever vigilant against the boogeyman of inflation. There could be many reasons for that. One reason could be to keep Social Security payouts in check, which are tied to inflation. Inflation alone could crash the Social Security safety net. Another reason could be what we are discussing here...to devalue the US dollar in order to spark long term economic activity on the mainland, but do so without prices running amok.

The good news is that a lot [if not most] of the value of a dollar is set through the so called open market operations of the fed. In short, they set the price of a dollar via bond sales. So the Federal Reserve has many tricks up their sleeve. They have many tools a their disposal.

The corporations are the arms and legs of US.Gov. They have to do what the big boss tells them. The government watches and listens to you, through the corporations. The governments military armorers, are the corporations. They make all of the governments weaponry. The corporations are running much of the research and development for the government, and much of it is very advanced top secret science that I think even they do not understand. That is why R&D is not outsourced or insourced with H1B Visas. They won't give out the cutting edge of technology to a foreigner, only your job. So the corporations behavior is molded by the social engineering of old Uncle Sam. What social engineering you might ask? It is called using the system of taxes and regulations (aka Good Cop Bad Cop) to coerce the corporations (his Angels) into doing what he wants them to do. He wants them to keep research and development American only? Tax credits to the one who keeps Visas out of R&D. He wants to brain drain other countries of talent so that America maintains technological primacy? Loopholes and tax advantages to the ones who build factories overseas and bring in Visas for labor.

Yup. They can't get the real money so they settle on people earning high incomes who aren't wealthy. And the middle class ends up being collateral damage.

well said.

Spot-on. But I think Foot's giving them too much credit with the 380k. The people who are being duped by that line of bullshit think that a hundred grand a year is a lot of money. Now these are obviously lower income people, and I feel bad for them. But the people I have the problem with are the trust fund assholes selling them that line of bullshit.

The average kid protesting at Zuccotti Park a few years ago was about 22 years old, Whiter than Wonder Bread, and here on Mommy and Daddy's nickel (and obviously NOT native New Yorkers). Half of them lived locally (be it in Battery Park City, SoHo or The Village), in neighborhoods that were, believe it or not, not only affordable, but blue collar not all that long ago (if you're from out of town, just think of the old Little Italy).

And yet, it's COMPLETELY lost on these kids that they're driving the poor people---who they were supposed to be supporting with their mock outrage---right out of this city by living here on their parents' money, and driving the rents higher than anywhere else in the world.

I make my living in New York City real estate today. And if I'm saying it, you can bet your bippy that it's true. These Lily-White, out-of-town hipsters, need to go back to where they came from. It's all smoke and mirrors. That asshole de Blasio goes on and on about "A Tale of Two Cities." But he's in just as deep with the real estate lobby as Bloomberg was.

Hundred grand is great if your single but if you got a couple kids its not that big. Between food and clothes, tuition, college planning, and the mortgage, a hundred k a year and your living paycheck to paycheck.

Now, throw in a couple college tuitions, your practically a layoff from the welfare line

Yes, I obviously meant if you're raising a family. Because what you say is right on the money. It doesn't go very far.

I know what you meant boss. I was just jabbin you because I know you are no stranger to college tuition.

You have 2 parents working one makes 100 thousand the other makes 70 thousand your considered rich?

That's because you have a Democratic Party that is committed to a Marxist taxation system while you have modern day Russia using Steve Forbes' flat tax. When you punish the people who work and drive your economy, your economy will always be doomed to stagnation. Remember this...no poor man ever signed your paycheck....if you want everyone to be equal, you will have everyone equally POOR.

That's Goddamned right!!

It's never about spreading out the wealth with these Lefties, it's about spreading out the poverty.

I got mine, let them get theirs. I REALLY don't give a shit anymore.

True true. It's not about getting the rich with the left wingers, its about attacking anyone who has achieved success. Fuck them. "You didn't earn that"- Barack Obama.

Couldn't have said it better myself, spoken like a true libertarian

PB you've gone all Fox news on us! Did that asshole Giuliani get to you?

Nah, I'm just tired of it all. They're all liars, and they're all laughing it up at the voters' expense.

I used to firmly believe that those who didn't vote had no right to complain. But now I'm starting to believe that George Carlin was right all along (for those of you who are too young, just Google Carlin's bit about politics and voters).

But you and I are still pals, DT. Next time I'm on the Gulf Coast, rib eyes and martinis at Bern's?