I don't really see corporate tax rates changing to enhance a business environment, however, I do see Congress and the President focusing on small businesses owned and operated in the USA receiving a 'preferred tax rate.
After the 2008 global economic collapse, one of the dynamos in the USA was the Small Business Administration. It was they that provided the initial investments to Small Business. That sector not only recovered by lead the US economy in growth. Why look a gift horse in the mouth when it has already worked so well.
Find out where small businesses that are US companies need real help. Not cronyism, but, where they face real issues and structure legislation to pass as soon as the Democratic elections are concluded. Give them something real.
September 23, 2014
By Jennifer Rubin
It’s basic components include (click here) enhanced child tax credit of $2500, expansion and reform of the earned income tax credit and corporate tax reform to promote investment and growth in the U.S.:
On the business side, we would cut the current 35% corporate tax rate to make it competitive in the global economy. The exact rate will be determined as we continue to shape the legislation, but it must be low enough to end the problem of corporate inversions and the loss of American jobs to other nations. We will also allow companies large and small to deduct their expenses and capital investments while integrating all forms of business taxation into a consolidated, single-layer tax. . . .
We will also propose that businesses only be taxed in the country where income is actually earned, rather than double-taxed when the money is brought back home. The way to reverse corporate inversions and bring capital in off the sidelines isn’t to punish companies for obeying outmoded laws, but to change those laws to make America once again the best place in the world to pursue happiness and earn success.
The senators also want to go after “cronyist giveaways” in the tax code....
