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Townhall...
Why
Obama Wants To
Cut Corporate Taxes
By Steve Chapman
America doesn’t feel much like the champion of the world these days.
Everywhere we look, we see other countries outdoing us -- in economic
growth, educational performance and men’s soccer. But this year, we are
expected to gain an impressive distinction: the highest corporate tax
rate in the developed world.
I don’t know about you, but it doesn’t make me feel like chanting “USA!
USA!” If high corporate taxes are a good policy, why are we the only
ones embracing them?
This achievement, of course, may sound like just what you’d expect when
you put a Democrat in the White House. Actually, the rate is the same
now as it was under President George W. Bush. The reason we’re about to
ascend to the top rung is that Japan, which currently has a stiffer
levy, has decided a reduction is in order.
During his speech Monday to the U.S. Chamber of Commerce, President
Barack Obama couldn’t suppress his chronic urge to lecture business
people on their obligations, such as hiring more Americans and
investing more.
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