The Income Gap editorial (Herald, Aug. 12) was interesting as it rightly promoted education as a panacea. However, there is currently $1.45 trillion parked offshore to avoid the highest corporate tax rate among industrialized nations. At the request of the president, Sen. Harry Reid has made sure that there is no legislation that would call for a lowering of the corporate tax rate or a tax holiday, so that this money could be invested in job-creating expansion in this country. Five U.S. corporations – Apple, Microsoft, Google, Pfizer and Cisco – have one-quarter of that overseas cash stash. This is money that could be used to create capital improvements, job training and product development almost instantly if progressives would quit blocking reform.
On another issue, I would like to thank the Herald for printing Ken Van Zee’s letter (Aug. 12), once again proving that the progressives claim to tolerance is so much hogwash.
Dennis Pierce
Durango
