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Jens 'n' Frens |
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From 1992 to 2002, U.S. multinationals added about five American jobs for every three foreign jobs. Perhaps these companies succeed simultaneously at home and abroad. But expansion abroad -- motivated by low wages or closeness to growing foreign markets -- may also create U.S. jobs, concludes economist Matthew Slaughter of Dartmouth University in a study for the Coalition for Fair International Taxation, a group of multinational firms. He says that growing foreign activity may require more U.S. scientists and engineers, financial specialists and managers.Robert Samuelson suggests that Kerry's corporate tax plan would, at best, result in a very small increase in the number of domestic jobs; if his final paragraph seems to stretch to praise Kerry, it is true:But Kerry is on to something. The corporate tax is a monstrosity. It promotes widespread tax avoidance, raises a diminishing share of governmental revenue and discourages efficiency. It's an exercise in cynicism and waste that the next president ought to overhaul. |
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