Tax Foundation Expands CompeteUSA Campaign with CNN Ad and YouTube Video
September 4, 2008
A few weeks ago the Tax Foundation launched the CompeteUSA campaign to raise the public's awareness of the ways America's high business tax rates affect our competitiveness, wages, and living standards. The CompeteUSA campaign launch comes on the heels of new data released by the Organisation for Economic Co-Operation and Development (OECD) showing that the United States has the second-highest corporate income tax rate in the industrialized world, that for the 17th consecutive year the average rate of corporate taxes in countries other than the U.S. fell while our corporate tax rate stayed the same, and a new OECD study that finds that corporate taxes are the single most harmful tax to GDP growth-more so than even personal income taxes or consumption taxes.
CompeteUSA's first project was a new web page. The CompeteUSA webpage includes data, studies, blog posts, commentaries, podcasts, offers for free publications, a video, and even a corporate tax quiz. Now, building on the popularity of the new web page, the Tax Foundation has expanded the CompeteUSA campaign to include an ad on CNN, which first ran on Sept. 1and will continue for three weeks. The ad will help educate the American public, the media and our elected officials about the harm caused by high corporate tax rates.