Tax Lawyer's Blog

The Tax Foundation has launched a program called CompeteUSA designed to educate the public on the adverse impact of high business taxes. 

[CompeteUSA's] goal is to raise the public’s awareness of America’s high business taxes and how those taxes are affecting our competitiveness, wages, and living standards.

The wages and living standards of American workers are threatened as long as our business taxes remain above the world average. It is time for the U.S. to lead again.

Here’s what Tax Foundation President Scott Hodge said at the CompeteUSA kickoff:

[Twenty] years ago, the U.S. led the world in cutting the corporate tax rate to make our economy more conducive to job creation. Since then, almost every other industrialized country has cut its corporate tax while the United States has stood still, and as a result, the U.S. corporate tax rate is now 50% higher than the OECD average.

I previously wrote about the issue of high U.S. corporate rates at U.S. Corporate Tax Second Highest of 30 OECD Nations.

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