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Originally Posted by JoeRedskin
Any volunteers to draft a revised corporate tax code for us? Anyone? Anyone? How about a committee of SS33, Lotus and NC_Skins? Get back to us with your result by next Friday please.
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Here's my input, before the deadline thank you, U.S. Corporations should not pay federal taxes. I'm a FairTax person.
Unless Cain is elected POTUS, I don't see FairTax being implemented, so a lowered corporate rate (revenue neutral) with no loopholes at all would be my preference.
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3. Executive pay: Somehow this needs to be addressed. The fact that, for many corporations, executive compensation is divorced from the success or failure of a company (i.e. the "Moral Hazard" mlpertert referenced earlier in the thread - I think it was mlpertert). Not sure, this is a tricky one for a lot of reasons. I suggest a working group of Smootsmack, Chico, saden1 and mlpertert analyze the problems and come up with possible proposals and come back to the group with a working solution by next Friday.
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I'll weigh in here if you don't mind. The Federal gov't has no right to dictate wages or compensation a corporation pays its employees. I support, if it's not already there, that publicly held companies be required to publish the compensation of its board and also key executives that make over a certain dollar amount (not sure what that amount should be). Let the public decide if it wishes to continue to subsidize high executive/board compensation by either continuing or not continuing to buy that company's product/stock.
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Firstdown, your job is just to keep bitching about the vagrants and hippies in Zuccotti Park.
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I wanna help bitch about hippies and late teen/twenty something blockheads too!!!!!! (I've got an 18yr old, I need to vent)