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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (255249)	7/7/2014 6:26:59 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 546461

"Most on the left and right believe we should cut corporate taxes to make us align better with the rest of the world." LOL. We need to raise ours to align with the rest of the world. More like get rid of all their loopholes. Whatever. Send more $. CRS: U.S. Has A Slightly Lower "GDP Weighted Average" Corporate Tax Rate Than Other OECD Countries. A March 31, 2011, Congressional Research Service (CRS) report titled "International Corporate Tax Rate Comparisons and Policy Implications," compared the weighted average of corporate tax rates in the United States and in other countries in the Organization for Economic Co-operation and Development (OECD). It found that the United States has an effective corporate tax rate of 27.1%, compared to the OECD (excluding the United States) average of 27.7%. From the report: Other Studies Agree That The Effective Corporate Tax Rate In The U.S. Is Similar To That In Other Countries. In addition to the CRS report, which cites several studies, the Government Accountability Office, the Treasury Department, and the World Bank have all found that the U.S. corporate tax rate is in line with that of other industrialized countries. [Media Matters, 3/31/09] mediamatters.org Reality Check: Effective U.S. Corporate Tax Rate Much Lower Than Most Other Developed Nations