Tag Archives: loopholes

Close corporate tax loopholes first, then cut federal tax rate

It’s a given in certain political circles that lowering the corporate federal tax rate will mean new jobs for Americans.

Unfortunately, it’s not true. Some of the biggest companies in the land, as several recent news reports have pointed out, routinely pay little or no federal taxes on their profits.

Zero!

And while paying no taxes, they have cut jobs here at home and created thousands of new jobs overseas.

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