CONservative spin, PROgressive response: Corporate Tax Rates

[marmar]

This is a regular feature from OurFuture.org .... Great talking points to shout down that mouthbreathing right winger at work:



CONservative spin
“The United States has the second-highest corporate tax rate in the industrialized world. (Only Japan is higher.) That’s making U.S. businesses less competitive in the global economy. A much lower corporate tax rate—to 25 percent, as some Republican candidates propose—would strengthen businesses and produce jobs.”

PROgressive response
That’s not the whole story. If you instead compare effective marginal tax rates—which would include depreciation allowances and other credits and exemptions, U.S. businesses pay taxes at a rate that is among the lowest in the industrialized world—lower than marginal rates in Germany, Canada and the United Kingdom. The problem that conservatives rarely talk about is a tax code written by powerful K Street lobbyists and rubber-stamped by politicians beholden to corporate political contributions. A corporate tax structure that closes loopholes and requires all companies to pay their fair share would both enhance America's global competitiveness and allow government to pay for the public programs that benefit all Americans and, in doing so, foster a healthier business climate.

http://www.tompaine.com/

[Toots]

1. Only in America do Corporations pay for employee Health Care

That is what is killing American labor, not Tax rates...