The Economic Burden of Corporate Taxation
November 24, 2015
Reducing the U.S. corporate income tax would draw financial capital into the United States, while increasing wages and production, according to a new report by Beacon Hill Executive Director and National Center for Policy Analysis Senior Fellow David Tuerck and Beacon Hill Institute's James Angelini. The current corporate tax rate raises the cost of capital, diminishes investment, and reduces economic outputs and living standards -- all while failing to bring in a significant source of revenue for the U.S. government.
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