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Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
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"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
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Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
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Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
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Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
May 13, 2013 02:01 PM
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9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
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.@GroverNorquist on MFA: "[The Senate] didn't ask all of the questions that needed to be asked": http://t.co/wXfkIR2Ca9 #NoNetTax
May 13, 2013 01:01 PM
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"When architects of #Obamacare are worried about it creating a trainwreck, you know something's gone terribly wrong": http://t.co/J6dfnKqFYZ
May 13, 2013 12:30 PM
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Conservative and Free Market Groups Applaud Move to Delay a Vote on Gina McCarthy: http://t.co/lNQYmJAB12 #EPA
May 13, 2013 12:02 PM
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The #Obamacare train wreck will derail the American economy: http://t.co/opFkyf1guJ
May 13, 2013 11:30 AM
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One Year Anniversary of US Having Highest Corporate Tax Rate in Developed World
Today, the United States celebrates the one year anniversary of having the highest corporate income tax rate in the developed world.
The distinction is bestowed upon us thanks to a federal and state integrated rate of 39.2 percent.
For perspective, the average rate in the developed world (OECD) is only 25 percent. Our six major trading partners – Canada, Mexico, the United Kingdom, Japan, Germany, and France – all have a lower corporate rate than we do. As a result, capital and jobs continue to flow overseas, rather than staying here to create jobs, increase wages, fund pensions, invest in new business, or grow nest eggs.
Thanks, Mr. President, for a number one ranking that no one is happy about.
Reducing the corporate tax rate is about more than remaining competitive with our major trading partners. Reducing the rate from 39.2 to the average rate of 25 percent would create more than 580,000 jobs annually over the next decade. According to the Milken Institute, such a policy shift would boost GDP by 2.2 percent. For President Obama, whose recovery has been the worst of any recovery since World War II, this should be easy.
This is about more than economic growth for the national economy. American families would also benefit. According to the Heritage Foundation, A typical family of four's after-tax income would rise on average by $2,484 per year with a 25 percent corporate tax rate.
Posted by Paul Blair 
on Monday, April 1, 2013 12:17 PM EDT
on Monday, April 1, 2013 12:17 PM EDTTo follow Paul Blair's RSS feed click here. To follow them on Twitter, their handle is @gopaulblair
