| Re: Buying CTS-V with GM 's Bankruptcy Potential? Think about what the fair tax could do for GM. If GM weren't saddled with FICA, income taxes and other taxes (for their employees and suppliers) to stick into its cost of production, how attractive would its cars be overseas? If union workers received paychecks equal to the gross amount of their salaries/hourly pay, couldn't they provide more for their own retirements?
The US having the 2d highest corporate income tax in the world certainly affects our companies' competitiveness and contributes to companies moving overseas. Removing the corporate income tax for a year or two would do wonders for GM, even if it only assists its suppliers.
Mike |