America Is Competitive Again, Thanks to a Lower Corporate Tax Rate

Federal and state federal and state corporate tax rates to 24.9%, up 40% from developed countries

Because of the success of tax reform, federal expenditure needs to be restricted to lower future tax increase pressure

The 2017 tax reform bill and federal corporate tax rate of employment fell to 21%. Federal and state federal and state corporate tax rates to 24.9%, up 40% from developed countries

Those who opposed to reform the tax system and lower the corporate tax rate are claimed to be tax breaks for the wealthy people at the expense of everyone

The company has 5480 employees in the United States and the research shows that American workers to pay income tax by reducing wages of 75%

Americans benefit when companies reinvest tax cuts to make a profit. Approximately 40% of the shares owned by the company retirement plan, more than half of the more Americans invest in the stock market

Therefore, retirement accounts, workers and investors over the higher wages through one of the profits can be active in the enterprise

In addition, corporate tax reform paid a lot of investment in the United States to increase salaries and bonuses

More than 450 companies, including American Airlines, AT & T, Bank of America and Comcast, have announced bonuses, salary increases and better profits. US tax reform, here we are keeping track of all good news

Fiat Chrysler announced that it will move back to a part of Mexico's US manufacturing factory. Companies that invest more than $ 1 billion in their Detroit factory, the factory will create 2500 jobs.

"Our employees share the savings that brought tax reforms and we admit that by making public it improves the business environment in the US and invests in our industrial footprint it is appropriate , "He said.

Technology giant announced that Apple will invest $ 35 billion, has been increasing for more than 20,000 employees over the next five years

The United States seems to be working, encouraging business investment and reducing corporate tax rate to expand employment opportunities throughout the United States. The United States will be a competitive place to do business again

However, Congress should not ignore the long-term economic opportunities provided by favorable tax reform. Because of the success of tax reform, federal expenditure needs to be restricted to lower future tax increase pressure

Ultimately, if the fiscal deficit of Washington trillion dollars becomes difficult to achieve each year, existing tax cuts must be made permanent, in order to integrate the potential advantages of tax reform.

Washington, the unanimous unanimous bipartisan agreement and tax rate most affected the US corporate tax rate of developed countries, therefore the international competitiveness of the United States. However, the urgency seems to solve the problem, the rate will be generated The lack of understanding of the broader political meaning of the substantial economic benefit for the lower corporate tax. President Obama's two bipartisan "Blue Ribbon" group - as well as Erskine Bowles and Alan Simpson Paul Volcker chairman, the economic recovery advisory committee served as chairman and reform committee of fiscal responsibility - We will propose to reduce corporate tax rate and reform of corporate strong case whole tax system. For example, the Economic Recovery Advisory Committee was found:

I started off with company tax cuts. The bill is to reduce the tax rate from the profit rate of 35% to 20%, although the number of changes includes the greatest change. Here, the logic is very easy - you will benefit if you lower the US corporate tax rate (or lower profit) in the US before those potential projects that are unprofitable. Therefore, the company will invest more in the United States. But when we turn on the practice from theory, this logic collapses. Let me give you some examples. As some of your people know, I recently created a board game, now I'm making a copy of it. I can choose to make games in the US and China. If I make games in China, each of the games can be sold at a price of $ 50, in order to earn about $ 10. If I produce it in America, I can sell it with all the games, at a price of $ 50, I will lose around $ 10. So I made a game in China