How to Sell a Corporate Tax Cut

Finding a way to prevent the next Burger King from fleeing the U.S. (to avoid paying the highest corporate tax rates in the world) appears to rank fairly high on the priority list for both Republicans and Democrats. But the two parties couldn’t be farther apart on the appropriate policy to end these so-called “unpatriotic” tax inversions. No strangers to coercion, the Obama administration via Treasury Secretary Jack Lew recently announced that through the use of executive action, “the agency would change several tax rules to stop companies from buying smaller, foreign firms and then moving out of the U.S.” These types of “solutions” will only serve to further slow down an already stagnant economy. Alternatively, Republicans support free market solutions (at least some still do) and believe that a lowering of the corporate income tax rate would put an end to these tax inversions and help revive the economy. Better yet, as John C. Goodman...(Read Full Article)

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