The U.S. corporate income tax is too high, in relation to what is being imposed by other countries, many who unabashedly claim to be socialist or who have otherwise managed economies. They definitely don’t profess to have capitalist underpinnings. And I include Communist China.
Yet, they all realize the importance of relatively low corporate tax rates.
The Democrat party in America has a social mantra of “soaking the rich” and the corporation is targeted as rich, though the taxes paid are really a cost of doing business and must be priced into what’s sold.
There is no logic in keeping U.S. corporate taxation as high as it is, when you want to keep American business competitive in global markets and at home.
Suggestion: let American corporate already-taxed earnings overseas come back home, tax free, The funds can be used here. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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