Posted on March 24, 2016 by keywestlou
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Oreo cookies! America loves Oreos! It appears Oreos does not love America as much.
Oreos has four plants in the U.S. The main plant is in Chicago. Been there for 100 years turning out Oreos.
Nabisco owns Oreos. The corporate conglomerate owning Nabisco is called Mondelez.
Nabisco recently announced that Oreo was moving 600 jobs from the Chicago plant to a new one in Mexico. Some jobs would remain in Chicago.
Reasons given include it would be cheaper to build a new plant in Mexico than remodel the Chicago plant at a cost of $130 million. The other reason is taxes. Corporate taxes are too high in the U.S.
The tax argument fails.
Although the corporate tax rate is 35 percent, Mondolez paid only 13.5 percent in 2014. 2013 was even better. They only paid 2.5 percent.
Six hundred men and women will be out of jobs. The corporation bullshits the public with the tax issue. No one challenges the corporation. The 1 percent wins again.
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So, why have the politicians and bureaucrats fixed the corporate tax rate.
Only, correct rate is zero!
“Corporations are merely tax collectors; not taxpayers. They merely pass their costs along.” Lawrence Alan “Larry” Kudlow is an American economist, television personality, and newspaper columnist. August 26, 2014 0830 on WMAL Mornings on the Mall Brian Wilson and Larry O’Connor
That’s just stupid.
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If you use a smaller local pharmacy, talk with your pharmacist; they may let you bring your prescription bottles back to the pharmacy and actually refill them when you refill your prescription. This saves them money and reduces the number of bottles you have to deal with.