CORPORATE TAXES

Commentary:

“With a combined federal and state tax rate of 39.3 percent, the U.S. taxes corporations at a rate that is 10 percentage points higher than the average of other nations in the Organization for Economic Cooperation and Development,” writes Kevin Hassett. Describing that 10-point deficit as a “humongous” in a competitive global economy, the AEI scholar concludes that “Congress should adopt legislation to lower the tax, and the president should push for the move in his State of the Union address later this month.” Read on.