Trump's corporate tax plan will make America competitive again
By Gayle Trotter • 12/21/16 7:00 PM
The corporate tax reforms proposed by President-elect Trump promise to make America competitive again in the global economy, and Congress should work to implement the changes quickly.
Lowering the corporate tax rate from 35 percent to 15 percent will help, not only to keep businesses here, but also bring jobs and innovation back home by reducing wacky incentives for United States companies to migrate offshore in tax-driven "inversion" deals.
In response to a fairer, more efficient tax system you can expect to hear anguished caterwauling from Trump's opponents. These critics object that the top 1 percent will get 47 percent of the total benefits in the Trump tax plan while the bottom 60 percent will get just 10 percent. The critique misunderstands our existing tax system, which works against the American people and favors special interests and out-of-touch politicos who fund their own pet projects by spending taxpayer dollars with abandon.
http://www.washingtonexaminer.com/trumps-corporate-tax-plan-will-make-america-competitive-again/article/2610172
