20 Reasons to Kill Corporate Taxes
What to do about corporate tax rates represents a key difference between Obamanomics and McCainomics. John McCain wants to cut them. Barack Obama wants to raise them, at least on oil companies, through a windfall profits tax. But maybe they’re both wrong. Maybe we should just get rid of these levies altogether. Here are 20 reasons why it’s time to sack the corporate income tax:
1) The United States has the second-highest corporate tax rate in the world, just shy of 40 percent when you combine state and federal taxes.