• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • corporate tax rate

    Corporate Tax Reform Should Focus on Rate Reduction

    The United States will soon have the highest corporate tax rate in the world once Japan enacts its pledge to cut its rate. This dishonorable distinction is driving both Washington lawmakers and the business community to finally call for long-overdue reform. Politico reports that Treasury Secretary Timothy Geithner will release … More

    Morning Bell: Stop Sending Jobs Overseas

    Today, the Labor Department released its monthly jobs report showing that the U.S. economy added 216,000 jobs in March and unemployment fell to 8.8 percent. Despite these encouraging numbers, Americans still consistently tell pollsters that jobs and the economy are the most important problems facing the country. And yesterday, Gallup … More

    U.S. to have Highest Corporate Tax Rate in the World

    Most of the time being number one is good. But when it comes to having the highest tax rate in the world, it is much better for a country to be bringing up the rear. Currently Japan holds the inauspicious distinction of having the highest corporate income tax rate in … More

    High Corporate Income Tax Rate Driving Jobs Overseas

    The United States has the second highest corporate tax rate of any of the 30 countries in the Organization for Economic Cooperation and Development (OECD) – a collection of the most economically developed countries in the world. The federal rate is 35 percent. Add on the average state corporate income … More

    Wyden-Gregg Bipartisan Tax Reform Would Enhance Economic Freedom

    In a time when the usage of the word “bipartisan” spawns cynicism among taxpayers across the 50 states, a recent bipartisan Senate bill stands out as an exception. “The Bipartisan Tax Fairness and Simplification Act of 2010,” introduced by Senators Ron Wyden (D-OR) and Judd Gregg (R-NH), is a serious … More

    Long-term Unemployment Still Too High

    The stock market reacted favorably this morning when it was announced that the number of people on payrolls fell by 36,000 in February, better than the 50,000 loss expected by economists. The unemployment rate held steady at 9.7%, also slightly better than expected. Another indicator that may have received less … More

    U.S. Still Suffering From World's Second Highest Corporate Tax Rate

    The Tax Foundation reported last week: “Canada, the Czech Republic, Korea, and Sweden all cut their corporate tax rates in 2009, distancing the United States even further from the pack with its combined federal and state rate of 39.1 percent—second only to Japan for the highest corporate tax rate among … More

    It’s Beginning to Look a Lot Like the 1970s

    In Britain, London’s buried under eight inches of snow, the trains don’t work, the economy’s collapsing, and a Labour government’s put the nation deeper in debt that it has been in thirty years. The Adam Smith Institute, preferring to laugh instead of cry, jokes that it looks like the 1970s … More

    Beating Us At Our Own Game

    Guess who lampooned Soviet economics this week at the World Economic Forum in Davos, Switzerland: In the 20th century, the Soviet Union made the state’s role absolute. In the long run, this made the Soviet economy totally uncompetitive. This lesson cost [the Soviet Union] dearly. Newt Gingrich? Rush Limbaugh? Try … More

    Freeing American Entrepreneurs to Compete in Global Market

    Tax reform, not reckless government spending, is the way to revive the ailing U.S. economy. American entrepreneurs and businesses carry heavy taxes on their backs as they compete in the global marketplace, from India to China and Canada to Russia. Other nations followed the U.S. example in 1986 by cutting … More