The Truth About The U.S. Corporate Tax Rate The Right-Wing Media Doesn't Want You To KnowQuicklink submitted by Amanda Lang Permalink
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|Krugman Responds To Claim That Corporate Taxes Are The Highest In The World: 'Nothing You Said About Business Taxes Is Actually True' -- On the April 29 edition of This Week with George Stephanopoulos, former Republican senatorial candidate and former Hewlett-Packard CEO claimed that the United States has 'the single highest business tax rate the in the world,' and that high taxes cause job losses and stalls economic growth. Krugman responded that none of Fiorina's claims was 'actually true': Watch video of Nobel-prize winning economist Paul Krugman rebut the right-wing talking point. He's right: Studies have concluded that U.S. rates are similar to other countries, and the Congressional Research Service has found that a reduction in corporate taxes would have a limited impact on growth.|
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