Why I Support a Border-Adjustment Tax

[Weird Tolkienish Figure]

By WILLIAM J. JONES MARCH 30, 2017
MOUNT PROSPECT, ILL. — The United States corporate tax rate has been stuck at
35 percent for three decades. In that time, other leading countries have slashed their
corporate rates to an average of 25 percent, with many far below that figure. This tax
rate discrepancy puts domestic manufacturers at a competitive disadvantage and
creates incentives for them to engage in “inversions” (using openings in the law to
change their tax nationalities) or to move production and jobs offshore.
Fortunately, there’s widespread agreement in the business community on the
need for lower corporate taxes. Unfortunately, there’s strong disagreement over the
best approach.

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