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The report was slightly off base as it stated China was the cause of the problem.
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I've heard that excuse before too. One would think that with a shrinking tax base, ie: professional and manufacturing jobs going overseas, the prudent and logical thing to do would be to LOWER taxes.
We are running into a situation that is not unlike that in Germany and France. They're trying all kinds of nifty ways of having really low tax countries joining the EU to pony up more money to cover their own socialistic expenditures.