Home > posts > Image of the Day: U.S. Trails on Corporate Tax Reform
August 14th, 2017 11:45 am
Image of the Day: U.S. Trails on Corporate Tax Reform
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If you’re concerned about headwinds facing American international competitiveness, the first place to isolate and correct the problem is on corporate taxes.  Courtesy of the Senate Joint Economic Committee, this shows in disturbing relief not only how the U.S. maintains the developed world’s highest rate, but also how global competitors continue to move in the right direction and leave us in the dust:

Stagnant U.S. Corporate Tax Rate

Stagnant U.S. Corporate Tax Rate

The good news is that comprehensive tax reform efforts are getting underway on both ends of Pennsylvania Avenue.  It’s been three decades since we achieved significant reform under Ronald Reagan, and we mustn’t blow this golden opportunity.

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