WASHINGTON, D.C. — The RATE Coalition, whose members and affiliates employ more than 53 million American workers in all 50 states, issued the following statement after the non-partisan Congressional Budget Office (CBO) released a new 10-year economic projection which forecasts that high levels of inflation will persist into next year. […]
AMERICA CAN’T BUILD BACK BETTER WITH A HIGHER RATE THAN CHINA
We’re leading in the wrong Way
25.8%
21% Federal RATE + 4.8% Average State RATE
23.4%
Global Average RATE
RAISING TAXES WILL HURT AMERICA’S RECOVERY
The United States’ globally competitive corporate tax rate creates the best climate for our nation’s economy, job creators and workforce to succeed into the future.
ICYMI: Corporate Tax Hike Will Exacerbate Inflation, Hurt Economic Outlook
May 12th, 2022
Corporate Tax Hike Will Exacerbate Inflation, Hurt Economic Outlook Real Clear Markets By fmr. Senator Blanche Lincoln May 12, 2022 Last week the Federal Reserve raised interest rates by 0.50%, the largest rate hike in more than two decades. At a press conference shortly after announcing the move, Fed Chairman Jerome Powell indicated that the […]
RATE Coalition Statement on President’s Budget
March 28th, 2022
The RATE Coalition, whose members and affiliates employ more than 53 million American workers in all 50 states, released the following statement on President Biden’s budget, which calls for raising the federal corporate rate from 21% to 28%. When combined with state taxes, American businesses would face an average effective tax rate of 33%. In comparison, competitors in China pay 25%, while Russian companies only pay 20%. […]
“Corporate taxes are found to be most harmful for growth.”
– OECD
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