Trump Wants to Save American Business. Does Congress?
“How many truck drivers would you hire if there were no trucks?”
by Richard Rahn
September 7, 2017
How much should corporations pay in taxes? The table shows average corporate tax rates by country. You will notice that the United States has by far the highest tax rate.
(Note: Some countries, notably Canada, Switzerland and the United States, are federal republics and have both federal and state/provincial corporate taxes, so the maximum tax rate can vary within the country.)
The late Congressman and Department of Housing and Urban Development Secretary Jack Kemp, who was a major figure in U.S. economic policy from the 1970s to the 1990s, never tired of telling audiences of blue-collar workers that “you cannot love the employee and hate the employer.”
Jack (as everyone called him), a former professional football quarterback, ironically became the greatest salesman for Reaganomics. He was a man of enormous physical and mental energy, who read deeply in economics and then preached the gospel of economic growth as no one did before or after.
He would ask his…
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