Effective Tax Rates Won’t Get Mentioned Here

Well, maybe this one time,

Start with taxes. The Bush tax cuts haven’t gone completely away, but at the very high end they have been pretty much reversed; plus there are additional high-end taxes associated with Obamacare. The result is that taxes on wealthy Americans have basically been rolled back to pre-Reagan levels:

I’m willing to discuss that so long as effective corporate tax rates are included

American businesses face some serious challenges from taxes. But it’s not due to America’s tax rates, as many big business CEOs would have you believe. Our corporate tax problems stem from a corporate tax code with so many perks, credits and loopholes in it that many U.S. multinational corporations pay little to no taxes. This starves our national budget and imperils public education, innovative research and infrastructure, the sort of public investments that help make our businesses and economy competitive. And, maybe even worse, it’s unfair.

Of course we would need politicians and advocates to knock off the sophistry, or appeal to emotions, and stick to the facts. That of course would require a sea change in politicians, requiring them to be serious for a change.

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