A report out this morning from the Organization for Economic Cooperation and Development (OECD) highlights a fact supporters of tax reform have known for awhile: The historic Tax Cuts and Jobs Act of 2017 lowered U.S. taxes to a globally competitive level
 
In addition to making the U.S. tax code more competitive, lower taxes are delivering a big boost for American workers. U.S. unemployment is at a 50-year low, wages have risen at a rate of 3 percent or more for the past 15 months, and more than 4 million new jobs have been created across the country. 
 
With these results, why would anybody want to raise taxes back to a globally uncompetitive level?
 
Read more from the Wall Street Journal here.
 
WSJ: Trump’s Tax Cuts Push U.S. Burden Lower in World
 
President Trump’s 2017 tax cuts reduced the U.S. tax burden to one of the lowest among major world economies, according to a Thursday report by an intergovernmental organization.

U.S. tax burdens dropped by the largest amount among those countries in 2018, and the U.S. now has lower taxes than all but three countries in the Organization for Economic Cooperation and Development, the report said.

Driven by the federal tax cut that Congress and Mr. Trump enacted at the end of 2017, U.S. taxes at all levels of government fell to 24.3% of gross domestic product in 2018, down from 26.8% a year earlier and 25.9% in 2016. 
 
[…]
 
Measured as a share of the U.S. economy, taxes are now 10 percentage points below the 2018 OECD average of 34.3%. Among 34 countries with preliminary 2018 data, the U.S. tax burden is lower than everywhere except Chile, Ireland and Mexico. The tax cut drove U.S. taxes below Turkey’s, and taxes in France and Denmark are now nearly twice what they are in the U.S.