The corporate income tax, in particular, is a tax that puts American corporations at a disadvantage.
Sentiment: NEGATIVE
The truth is, our corporate income taxes are some of the highest in the world, and frankly, in my judgment it's unpatriotic if you're not for reducing the corporate income tax. We want to make it so American companies are on a more level playing field competing with companies around the world.
Corporate tax dodging impacts us across generations and over time. It is corrosive. It is unethical. It is unsustainable.
Corporations must pay tax.
The United States already has the highest corporate tax rate in the world.
Research has shown that middle-income wage earners would benefit most from a large reduction in corporate tax rates. The corporate tax is not a rich-man's tax. Corporations don't even pay it. They just pass the tax on in terms of lower wages and benefits, higher consumer prices, and less stockholder value.
It's not coincidence that the U.S. is in last place in the world in terms of corporate tax rate. It's because our system is set up to block tax reform.
I have long argued that in the modern world, corporation tax has had its day as a major source of tax revenue.
America is a land of taxation that was founded to avoid taxation.
A better way to help American companies compete against competitors abroad is to remove all series and myriad of obstacles they face in America, whether it's union rules in some states or massive amounts of regulation imposed upon them, one of the most expensive combined corporate tax rates on the planet.
I think we're pretty much where we need to be on corporate taxes.