Making America More Competitive Through Tax Reform

It’s unfortunate that the United States, which has led the capitalistic world for so long, is woefully uncompetitive in the area of corporate tax policy. We have the second highest corporate tax rate among all Organization for Economic and Cooperative Development (OECD) countries and many other tax policies that simply make it difficult for U.S. companies to compete with those outside the U.S. Is this important to you? You bet—studies, such as one done by Dartmouth's Matthew J. Slaughter in 2004, have estimated that 70 percent of corporate taxes are ultimately borne by the American workforce.