To begin Part III of this series (here’s Part I and Part II), let’s dig into the archives for this video I narrated back in 2007.
At the risk of patting myself on the back, all of the points hold up very well. Indeed, the past 15 years have produced more evidence that my main arguments were correct.
Lower corporate rates reduce double taxation- Lower corporate rates reduce taxes on people
- Lower corporate rates boost worker income
- Lower corporate rates boost competitiveness
- Lower corporate rates generate revenue feedback
The good news is that all these arguments helped produce a tax bill that dropped America’s federal corporate tax rate by 14 percentage points, from 35 percent to 21 percent.
The bad news is that Biden and most Democrats in Congress want to raise the corporate rate.
In a column for CapX, Professor Tyler Goodspeed explains why higher corporate tax…
View original post 496 more words
Recent Comments