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Repeal the Corporate Income Tax
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Quote:The Corporate income tax is 35% in the United States. Other developed nations are nearing 20% and lower you really think you're going to attract ANY business to the United States when we're nearly DOUBLE what the rest of the world is in tax rates. If something isn't done you'll have a real job crises in about 20 years if not sooner. You don't fix the problems the USA is experiencing with more supply side focused economics and a race to the bottom. The inversions and tax evasion schemes are symptoms of the problem, as long as you're focused on the symptoms and imagining ways to address them they won't go away. The tax rate could be zero and it still wouldn't be low enough to stave off what is really causing the "job crises." |
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