The Patriot Post® · Lowering Corporate Taxes

The Tax Analysis Center released a study this week on the corporate tax rate, and they found that reducing it would boost wages for workers and help the economy overall. They say it could be done in a revenue-neutral way, too, by cutting the current, highest-in-the-world rate of 35% all the way down to 9% with no loopholes. The corporate earnings and revenue kept out of the U.S. altogether by companies trying to avoid the punitive tax rate is astounding. Senate Finance Committee chief Ron Wyden (D-OR) estimates that $2.1 trillion is held overseas – 12% of GDP. It sure would aid the recovery if more of that money came home.