McDonald's chief : Curb spending and cut taxes

[Janice]

McDonald's chief : Curb spending and cut taxes

"The question is, how can we get the ox out of the ditch?" Mr Skinner said. "In order to create jobs in America, you're going to have to cut taxes… particularly in the business community.

"We pay some of the highest [corporate] taxes around the world. There needs to be some levelling."

Asked about federal borrowing, he said: "It's not a good story… the government has to spend less. We have to grow the economy, grow GDP… and you have to be able to do it in an organic way and not through borrowings and increasing debt." >>>

Federal government debt has climbed to $15 trillion (£9.4 trillion), about the same as annual GDP. Worse still, America's credit rating was recently downgraded by Standard & Poor's.

As the leader of a remarkable turnaround at McDonald's, Skinner's comments will resonate across the country...

Maybe Big Industry is finally "waking up". Who knows?

[DumbAss Tanker]

"We pay some of the highest [corporate] taxes around the world."

SOME corporations do.  For GE and many other top supercorps, this seems to be a completely bogus argument.

[Janice]

SOME corporations do.  For GE and many other top supercorps, this seems to be a completely bogus argument.

Of course. If your 'in bed' with Comrade Zippy you will be rewarded. One way or another ...

Our Commissar would have loaned Solyndra another $1/2B if the whole matter hadnt received so much attn. Thanks in no small part to Andrew Breitbart.

Welcome to the new/ old world of Chicago thug style money laundering on a whole new scale.

[Ptarmigan]

Of course. If your 'in bed' with Comrade Zippy you will be rewarded. One way or another ...

Our Commissar would have loaned Solyndra another $1/2B if the whole matter hadnt received so much attn. Thanks in no small part to Andrew Breitbart.

Welcome to the new/ old world of Chicago thug style money laundering on a whole new scale.

Crony capitalism. Just like Peronist Argentina. Just bankrupt a prosperous nation.

[Erasmus]

SOME corporations do.  For GE and many other top supercorps, this seems to be a completely bogus argument.

And supercorps really should be a rarity.  There should be no superbanks, no superstores, etc.  And there wouldn't be without government aid, and enacting legislation that prevents competition, disgustingly inappropriate use of eminent domain, etc.