Sunday, December 30, 2007

The Laffer Curve

Sure, Americans pay lower personal income taxes, lower "carbon" taxes, lower sales taxes, and so on, but the portion of the American tax code that stands out like a sore thumb is our once-low-but-now-high corporate tax rate.

What is even more unfortunate is that, in this country, "corporation" seems to have become a hyper-politicized concept at best, and a flat out dirty word at worst. The thought of cutting taxes on American businesses is wholly antithetical to today's political zeitgeist. Meanwhile, in other countries, often ones run by people far more left-wing than even our own dear Nancy Pelosi and gang, are racing to cut their corporate tax rates to reap the benefits of stronger growth and higher tax revenue

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