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    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

    New Bill Would Make Long-Overdue Changes to Tax Code

    With all the damaging bills coming out of Congress today, and promises of more to come, it is easy to lose sight of necessary positive policy changes that Congress should be making to improve the tax code and increase economic growth. Representatives Jim Jordan (R-OH) and Jason Chaffetz (R-UT) look … More

    A Recurring Theme: More Taxes Means Fewer Jobs

    Littered throughout the President’s proposed budget and health care plan are over $2 trillion in new taxes. In the budget we see tax hikes on businesses including the death tax; new detrimental restrictions on a tax provision called “deferral” that is vital for U.S. companies operating abroad; and potential new … More

    Chart: How 5.4% Surtax Hits Small Business, State by State

    Rep. Charlie Rangel of New York and other House Democrats propose to pay for their $1.3 trillion bill to create government-run health care with a 5.4 percent surtax on 2.04 million high-income Americans — about half of them small business owners. Americans would face European-style taxes, paying top rates that … More

    IMF Tax Recommendation Indicates Obama Tax Policy Off-Target

    On June 15, the International Monetary Fund (IMF) released a study suggesting national tax policies contributed to, but did not cause, the credit boom and bust that caused the global recession. The IMF noted that countries with income taxes tend to impose heavier tax burdens on equity than debt, thereby … More

    Elegant Simplicity: Achieving Many Goals with one Policy

    Question: How do we create jobs, increase economic growth, rebuild the nest egg of households, strengthen the competitiveness of the U.S. economy and increase tax revenues? A. Borrow trillions of dollars and hire workers and specify that these workers must be from the United States. B. Create a new industry … More

    Overseas Investment Is a Good Thing

    “Overseas investments,” writes Steven Malanga, “rarely cost jobs in a corporation’s home country,” but instead bring substantial benefits for the home country. President Obama has proposed eliminating what he sees as an unfair incentive in the tax code for U.S. companies to move jobs overseas. In fact, as explained in … More

    The 2009 Index of Economic Freedom

    For 15 years, The Wall Street Journal and The Heritage Foundation have been measuring countries’ commitment to free-market capitalism in the “Index of Economic Freedom.” The 2009 Index, published this week, provides strong evidence that the countries that maintain the freest economies do the best job of promoting prosperity for … More

    A Keynesian Christmas Present: Rep. Louie Gohmert's Tax Holiday

    Rep. Louie Gohmert (R-TX), champion of a federal tax holiday, faced skeptical questions today about his idea to give the economy a boost. Gohmert wants to stop collecting taxes for two months — using the unspent $350 billion from the Wall Street bailout to pay for the plan. Although his … More

    Morning Bell: Real Patriots Cut Taxes

    According to the Tax Policy Center, Barack Obama plans raise the tax burden on all Americans by $627.1 billion over the next 10 years. Defending this policy on ABC’s “Good Morning America,” Joe Biden told Americans they should enjoy paying higher taxes because “it’s time to be patriotic … time … More