America’s tax rate on domestic businesses is higher than many other countries. Lowing that rate would be a wonderful pro-growth accomplishment. Everyday people still don’t understand that the tax imposed upon a company will be passed onto the consumer. And in the current economic environment, higher taxes on businesses could be the final straw that either (1) closes them down and/or (2) drives them to another country. As it currently stands the following countries offer better tax incentives than USA:
Columbia, Portugal, Mexico, Costa Rico, Australia, Germany, Japan, Czech Republic, New Zealand, Italy, Chile, Kore, Canada, Netherlands and France.
Not only that, but for more information on how the U.S.’s corporate tax is actually a double tax, see Adam Michel’s Substack chart. It illustrates the additional tax … the unspoken one of corporate earnings. Trump and his crew understand economic realities. If Democrats don’t spend their every waking moment going after Trump, his followers, his cabinet nominees and other appointees, and let Trump’s experts do what they do best, America will have a more sustainable recovery from what they’ve done to this country during the last four years.
