Industrial Insight

Corporate tax rate too high…. | November 3, 2011

http://blog.american.com/2011/11/why-the-tax-policy-center-is-wrong-the-us-can-slash-its-corporate-tax-rate/

Why the Tax Policy Center is wrong: The United States can slash its corporate tax rate

By James Pethokoukis

November 2, 2011, 3:28 pm

My advice to congressional tax cutters is to cut the corporate rate whether or not they can “pay” for it. And to at least 26 percent. There is good reason to believe that the U.S. rate—currently at 35 percent—is way, way on the wrong side of the Laffer Curve, as AEI’s Kevin Hassett and Alex Brill point out in a 2007 study:

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