The Issues
We can attract new quality jobs; Increase
private investment for wealth and new job creation; Revitalize the
housing market and release an economic boom by Scrapping the
Corporate Income tax.
We currently raise $1.7 Billion in revenues but
lose 10 times that by choking investment and chasing companies to
other states or overseas.
The Federal Corporate Tax rate is 35% which is
the second highest in the world. (
Highest now with Japan reducing its corporate tax rate for an
economic growth strategy. ) We certainly don’t need to add the death
sentence of an additional 5.5%.
Quite frankly, the federal corporate income tax
needs to come down to 13%. In terms of revenues, I much rather have
13% of a big Ronald Reagan pie than 35% of a tiny Jimmy Carter or
Barak Obama pie.
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