Politics

Out of context: Reply #18269

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  • whhipp0

    The estimates suggest that cutting the corporate rate by 10 percentage points is associated with an increase in total real GDP growth of 11.1 percentage points over the period. This would move the U.S. from below average to above average in terms of economic growth among OECD countries. Personal income taxes on high incomes also have a significant negative effect on growth, such that cutting the rate by 10 percentage points is associated with an increase in total real GDP growth of 7.5 percentage points over the period. This would bring the U.S. to roughly an average level of growth relative to OECD peers.

    The seven fastest-growing countries in the OECD all have below-average corporate taxes and below-average personal income taxes on high-income earners. The U.S., on the other hand, has the second-highest corporate tax rate in the OECD, and an above-average personal income tax rate. Of the three tax rates considered here, the only one where the U.S. is below average - more than 10 percentage points below average - is the one that does not matter for long-term growth: the payroll tax.

    If lawmakers want to have the biggest impact on boosting long-term economic growth in the U.S., they should turn their attention to cutting tax rates on corporate and individual income.

    http://taxfoundation.org/article…

    whhipp 0Permalink
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    • But a cut in corporate tax is to you guys is blasphemy, they are the problem not the answer!? They are the 1%... nooooo!!!!!whhipp
    • Nooooo!!!!!!!!whhipp
    • The Tax Foundation has received funding from ExxonMobil and from conservative political groups such as the Koch Family Foundations, the Earhart Foundation,[20] and Citizens for a Sound Economy.aaux
    • such as the Koch Family Foundations, the Earhart Foundation,[20] and Citizens for a Sound Economy.aaux
    • Since 1990 or earlier, the Tax Foundation has "operate[d] as a separate unit" of Citizens for a Sound Economy.aaux
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      Fox New Charts®      utopian
    • The Tax Foundation a Non-partisan, LMAO!
      http://en.wikipedia.…      utopian
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