Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
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Minnesota Public Radio covers Grover's visit and Gov Dayton's lame response: http://t.co/O0zJTPhO ^
February 21, 2012 10:47 PM
joshuaculling -
Grover prepping for a live hit on the local Fox affiliate. ^ http://t.co/JbHQ5McY
February 21, 2012 10:23 PM
joshuaculling -
ATR Opposes a Cigarette Tax Increase in Alabama http://t.co/0MbV3oqX
February 21, 2012 02:01 PM
taxreformer -
RT @KarlRove: Obama using regulatory uncertainty to stall jobs & private investment in economy. Read more from @digitalliberty: http://t ...
February 21, 2012 01:47 PM
KarlRove -
RT @joshuaculling: At White Bear Chamber of Commerce (Twin Cities) luncheon where Michele Bachmann is introducing @GroverNorquist.
February 21, 2012 01:41 PM
joshuaculling -
RT @GroverNorquist: Fun picture with Tokyo Tea Party leader at Wednesday meeting. http://t.co/PpmjLXTj
February 20, 2012 03:01 PM
GroverNorquist -
CoGC: Payroll Package Includes Excellent Spending Cuts http://t.co/TM53mtjw
February 17, 2012 12:02 PM
taxreformer -
ATR Supports H.R. 3630, the "Middle Class Tax Relief and Job Creation Act of 2012" http://t.co/dB6nr6Jr
February 17, 2012 11:01 AM
taxreformer -
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RT @MDuppler: I'll be on @VarneyCo on @FoxBusiness at 10am EST^ We're discussing whether the US is modeling Greece's self-destruction (h ...
February 17, 2012 10:11 AM
MDuppler
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Trade and International Tax
ATR believes free trade is essential to America's economic growth. Passing FTA’s that lower tariffs will expand markets for American goods and services.
The U.S. is one of the only countries in the developed world which seeks to tax the worldwide income of our own taxpayers. This creates a double taxation problem, since the same foreign-source income can face taxation in the other country, and can face taxation by the IRS. Over the years, Congress has created hundreds of deductions, credits, deferrals, and exclusions to mitigate this double taxation. The Left wants to take these protections away and expose this income to double taxation, killing jobs. The better solution is to move toward territoriality, the system the rest of the world uses. Under a territorial tax system, only income earned in the United States would be taxed by the United States. As a step toward territoriality, ATR supports allowing companies to repatriate deferred foreign earnings at a zero or low tax rate.
International Tax Competition
The United States has the highest corporate income tax in the developed world—nearly 40 percent when including states. Because capital is more mobile than in the last century, many corporations are choosing to move to lower-tax countries. Our trade competitors have learned this lesson, and have been steadily-reducing their corporate tax rates. The average corporate tax rate in Western Europe is now 25 percent and falling. In many countries, the rate is in the teens. If the U.S. is going to remain competitive with the rest of the world, it’s imperative that we get the corporate tax rate at or under 25 percent, the European average.
