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  • corporate tax rate

    Avoiding a Debt Crisis, Eh? Lessons From Canada

    Congressional lawmakers met last week to try to hammer out a deal to avert the fiscal cliff. Democrats insist on revenue increases as part of such a deal, saying new revenue is the only way to significantly reduce the national debt. However, it is not a lack of revenue that … More

    Debate 2012: Seven New Claims—True or False Quiz

    The second presidential debate was full of claims about the economy, taxes, and regulation. Many of the top 10 true and false claims made during the first debate were repeated during the second. But there were also new claims warranting a closer look. We’ve selected seven new claims in this … More

    Changing the Definition of "All of the Above" Energy Policy

    The Heritage Foundation has been making the case against energy subsidies for years. This research eventually led to a letter written in March 2011 by our sister organization, Heritage Action for America, and signed by numerous other organizations calling for the dismantling of energy subsidies. Up until then, both Republicans … More

    First Presidential Debate 2012: Top 10 True/False Quiz

    During last night’s presidential debate, claims were flying fast and furious. Some of these claims were true, others false. Here are the top 10—see which ones you can guess as either true or false. 1.      Governor Mitt Romney’s tax plan would burden the middle class. President Obama: “[I]ndependent studies looking … More

    No Surprise: U.S. Corporate Taxes Driving Businesses Abroad

    The Wall Street Journal reports that America’s uncompetitive corporate tax code is driving U.S. businesses to relocate their headquarters to other countries. One of the major reasons these businesses are fleeing our shores is taxes. Each of the countries the article cites as places where U.S. businesses have moved their … More

    No Fooling: U.S. Now Has Highest Corporate Tax Rate in the World

    This April Fool’s Day, the joke is on all of us. That’s because as of April 1, the U.S. now has the highest corporate tax rate in the developed world. Our high corporate tax rate has long made the U.S. an uncompetitive place for new investment. This has driven new … More

    Politico and Liberal Economists—Not Congress—Considering Tax Tradeoff

    In a recent article titled “Hill Weighs Tax Trade-offs,” Politico reports that Congress is considering lowering the corporate tax rate and replacing the lost revenue with higher tax rates on capital gains and dividends. But the article cites no “Hill sources” considering such an ill-conceived swap. There are only vague … More

    Tax Cuts and Supply-Side Effects

    Lawmakers have recently paid lip service to cutting the corporate tax rate to help boost economic growth. Doing so would be good policy, but it’s important to know why. Information disseminated by both political parties, think tanks, government organizations, media outlets, and political pundits has confused the issue, leading many … More

    Chart of the Week: U.S. Rivals Japan for World's Highest Corporate Tax Rate

    Republicans and Democrats on the Joint Select Committee on Deficit Reduction this week finally agreed on something substantive: The U.S. corporate tax rate is too high. It’s a point we’ve been making for years at Heritage. High federal and state corporate tax rates — a whopping 39.2 percent when combined … More

    Chart of the Week: U.S. Corporate Tax Rate Is Uncompetitive

    The U.S. is a worldwide business leader. However, high corporate taxes increase the difficulty for businesses to compete internationally in this age of globalization. Private investment in the U.S. can be increased if the federal statutory corporate income tax rate is reduced. According to Heritage analysts, the federal corporate rate matters … More