“Including state corporate taxes, a 25 percent federal corporate income tax rate would result in a combined average top corporate tax rate of 29.53 percent—higher than the 23.51 average among industrialized countries in the OECD.” […]
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.
Sen. Blanche Lincoln: Collect Unpaid Taxes Rather Than Raise Corporate Rate
May 4th, 2021
“IRS Commissioner Chuck Rettig’s recent comments before my former colleagues on the Senate Finance Committee represents the larger problem with any proposal to raise the federal corporate income tax rate.” […]
“Corporate Tax Loopholes Matter More Than a Higher Rate”
April 27th, 2021
“Congress’s first priority should be to close the loopholes” […]
“Corporate taxes are found to be most harmful for growth.”
– OECD
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