U.S. To Have Highest Corporate Tax Rate In World On April 1

If you want to boost job growth in America, we will need to lower the U.S. corporate tax rate. Unfortunately President Obama and the Democratically controlled Senate seem to ignore this fact that corporate tax rates do matter (just ask Japan). On April 1, America will have the dubious distinction of being home to the highest corporate tax rate in the world, according to The Wall Street Journal.

April 1 is a date that every politician and business executive in America should circle on the calendar. That's when Japan cuts its corporate tax rate to 36.8% from 39.5%. The United States will then hold the title of highest corporate tax rate, with average combined federal and state profit levies of 39.2%.

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published this page in In The News 2012-03-16 10:45:00 -0400
Analysis & Political Strategy