Saturday, February 20, 2010
American Thinker: A Tax Holiday for Corporations?
American Thinker: A Tax Holiday for Corporations?:
America has the second-highest corporate tax rate on Earth. Economists say that this puts America at a competitive disadvantage. So to spur growth and help get us out of the Great Recession, some have urged Congress to lower the corporate tax rate. But rather than cutting rates, why not suspend the Corporation Income Tax altogether?
In the Age of Trillion-Dollar Deficits, what would that do to federal revenue?"
America has the second-highest corporate tax rate on Earth. Economists say that this puts America at a competitive disadvantage. So to spur growth and help get us out of the Great Recession, some have urged Congress to lower the corporate tax rate. But rather than cutting rates, why not suspend the Corporation Income Tax altogether?
In the Age of Trillion-Dollar Deficits, what would that do to federal revenue?"
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