Our government cannot spur job creation and support economic sustainability with one singular fix. At best, the approach to modernizing economic development at the federal level is an incredibly nuanced and dynamic process that will require unprecedented collaboration.
We’re fresh off a campaign cycle that shouted everything that is wrong with our economy. It became abundantly clear that the solution to our problems is far more complex than a mere fix to our tax system. At 39 percent, the corporate income tax rate in the United States is dramatically high. In fact, it is the third highest globally, and substantially higher than the average weighted rate of just under 30 percent.
…
By: Chris Camacho, The Hill
Read the full article here.
