For months, I’ve been arguing that the big reduction in the corporate tax rate is the most important part of Trump’s tax agenda.
But not because of politics or anything like that. Instead, my goal is to enable additional growth by shifting to a system that doesn’t do as much damage to investment and job creation. A lower rate is consistent with good theory, and there’s also recent research from Australia and Germany to support my position.
Especially since the United States is falling behind the rest of the world. America now has the highest corporate tax rate in the developed world and arguably may have the highest rate in the entire world.
Needless to say, this is a self-inflicted wound on U.S. competitiveness.
But since the numbers I’ve been sharing are now a few year’s old, let’s now update some of this data.
Check out these…
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