Albert N. Gore on Corporations

Close tax loopholes and collect more corporate tax

A: We need to re-evaluate all subsidies on all fronts--foreign and domestic, private and public, corporate and government. The reduction or elimination of some subsidies could save at least one-half trillion dollars. Closing unnecessary tax loopholes and collecting more corporate tax would also alleviate this situation. Although Mississippi receives three federal dollars for every dollar it sends to Washington, it is still seen by the public as a "welfare" state. Many counties in our state subsidize the establishment or expansion of national and international corporations that locate here. But, when these corporations decide to leave, the counties are left with empty buildings and no tax base. We do need business to create jobs, but at what price. We need to economize when we make decisions to invite industry in.

Re-evaluate all subsidies: foreign, public and corporate

A: We need to re-evaluate all subsidies on all fronts--foreign and domestic, private and public, corporate and government. The reduction or elimination of some subsidies could save at least one-half trillion dollars. Closing unnecessary tax loopholes and collecting more corporate tax would also alleviate this situation. Although Mississippi receives three federal dollars for every dollar it sends to Washington, it is still seen by the public as a "welfare" state. Many counties in our state subsidize the establishment or expansion of national and international corporations that locate here. But, when these corporations decide to leave, the counties are left with empty buildings and no tax base. We do need business to create jobs, but at what price. We need to economize when we make decisions to invite industry in.