In exactly one week before the United States has the highest corporate tax rate globally, the RATE Coalition has released a new video calling for a reduction in the corporate tax rate before the April 1 deadline when the United States will have the highest corporate tax rate at 35 percent.
Even in Washington’s polarized environment, a reduction in the corporate tax rate has bipartisan support from President Obama and the House GOP budget, both calling for significant reduction in the rate.
On April 1, the joke is on us. Having the highest corporate tax rate in the world is not a joke, and Congress and the Administration must agree on a solution to lower the rate in order to restore American competitiveness and allow U.S. business to compete in the global market and create American jobs.
Video courtesy of RATE: Reforming America’s Tax Equitably.