Everyday Low (Tax) Prices
July 25, 2007
Yesterday, we released a study showing that the United States has the second highest corporate tax rate among the 30 OECD countries. It also highlighted that in the past 12 years, the US is one of only two countries in that group that has not slashed its corporate income tax rate. Five countries cut their rates last year, and eight more will have done so by 2008. Tax cuts are on the march, promoting a more competitive environment that better fosters growth.
TF President Scott Hodge was on CNBC yesterday discussing what this means for US in a highly competitive global environment. He suggests that the US needs to have a tax policy that’s more like Wal-Mart’s price policy: everyday low prices. Check out his interview below.