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April 22. 2015

ACT Tax Facts: The U.S. Has a High Effective Corporate Income Tax Rate

Economists and policymakers have long agreed that the United States has a high statutory corporate income tax rate. At 39.1 percent when state and local taxes are included, it’s the highest in the developed world – and a significant impediment to attracting businesses and economic growth to our shores. This high rate discourages business investment and ultimately hurts American businesses and Read more »