High U.S. Corporate Tax Rate a Barrier to Economic Growth?

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High U.S. Corporate Tax Rate a Barrier to Economic Growth?

The U.S. has one of the highest corporate tax rates in the world. Only Brazil, Uzbekistan, Chad and Argentina have higher corporate tax rates than the U.S. According to a research study by the Cato Institute, the effective U.S. corporate tax on new investment was 34.6% in 2010. This was higher than the average OECD rate of 18.6% and the average rate for 83 countries at 17.7% as shown in the chart below:

http://seekingalpha.com/article/257977-high-u-s-corporate-tax-rate-a-barrier-to-economic-growth
 
No. The barrier to economic growth is the one way money suck out of our society due to globalization. No matter how low taxes are, corporations will still prefer to hire overseas slaves instead of paying a livable wage to americans. This lack of money for the working class (most of us) destroys demand.
 
AssHatZombie said:
No. The barrier to economic growth is the one way money suck out of our society due to globalization. No matter how low taxes are, corporations will still prefer to hire overseas slaves instead of paying a livable wage to americans. This lack of money for the working class (most of us) destroys demand.
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they won't hire overseas if america was more corporate friendly. if we want corps to hire only america, make it enticing to do so.
 
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