By Elaine C. Kamarck and James P. Pinkerton
On Thursday, the House Ways and Means Committee will have a hearing examining how tax reform will grow our economy and create jobs.
It’s an important issue, perhaps one of the most important topics to be decided by Congress this year.
There is ample evidence that if Congress would reduce the corporate tax rate, it would grow the economy. America leads the world when it comes to taxing its business sector and that leading position is stifling our economy.
We can’t promise that slashing the corporate tax rate to make it more competitive with the rest of the world will lead to 4 percent growth, but there are plenty examples to point to where such a policy was implemented and did successfully yield such a result.