Santorum: Eliminating Corporate Tax Will Create Jobs

Wednesday, 31 Aug 2011 05:35 AM

By Hiram Reisner

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Presidential hopeful Rick Santorum says the quickest way to create new American jobs is to eliminate the 35 percent corporate tax on manufacturers who produce products in the United States. The former Pennsylvania senator also told Greta Van Susteren Tuesday taxes on companies that have moved overseas should be reduced to 5 percent so their profits can bolster the American Economy.
 
 “What I’ve proposed is to take the corporate tax, which is 35 percent on manufacturers, and cut that to zero — eliminate the corporate tax if you manufacture and process here in this country — that will bring a lot of those jobs back,” Santorum said.

“Combine that with a plan that says if you are a manufacturer that actually did export jobs and created things and built things overseas and you made profits — most companies have not brought those profits back because you get hit with a 35 percent additional tax when you bring them back,” he continued. “Let’s cut that from 35 percent to 5; bring that money back and invest that in America.”

Van Susteren asked Santorum to what extent does America’s faltering economy impact the nation’s standing in the world.

“Well, no question that America's might is related to our economic might, and then when we suffer economically — and we’re now looking at whether America is going to remain the largest economy in the world — that has an impact on America's influence on the world,” Santorum said. “And you know, it’s not just our military might and it’s not just our economic might — it’s also . . . the culture that we have.

“You know, all the components of America matter to the standing we have — to the respect to that we have in the international community,” he said. “People want to come to America not just because of our economic might but because of our freedom, because of vibrancy of our culture and our religion — I mean, all of these things are very, very important. The whole is important in projecting that American exceptionalism.”

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved