Posted By RichC on May 6, 2014
Outspoken President and CEO of the Federal Reserve Bank of Dallas, Richard Fisher, talked with Maria Bartiromo on her new Sunday Morning Futures program this weekend and laid out a good case lower tax rates. His point is that money and investment flows to where it is treated the best and in turn jobs and employment opportunities follow. In keeping with the principles that “states are the laboratories of innovation,” Fisher compares the Texas to California pointing out that companies and people move from higher tax environments to lower tax environments bringing along people and jobs.
To take this to national or global level, doesn’t it make sense to reduce the high tax burden on corporations so that they locate in the U.S. rather than keeping money offshore or creating jobs elsewhere? Bringing our corporate tax rate inline with other countries just seems commonsense to me … but where is Washington DC leadership on this issue (from either party!)
Richard Fisher with Maria Bartiromo on Sunday Morning Futures (mp3) – 5/4/2014