A National Embarrassment

by Pejman Yousefzadeh on March 31, 2012

If you want more economic freedom, and more jobs, there is only one way to vote in the fall:

Come Sunday, America finally has something to crow about in its economic war with China and Japan: It will have the highest jobs-killing corporate tax rate in the industrialized world.

No, it’s not an April Fool’s joke. When Japan officially slashes its rate to 36.8 percent Sunday, America’s will be tops at 39.2 percent.

President Obama has proposed a rate of 28 percent, but Republicans charge that it comes with $350 billion in new, off-setting taxes. The GOP is pushing for a cut to 25 percent, but the election year is getting in the way of any deal.

Anyone really surprised that Team Obama wants to keep taxes high, whatever the consequences?

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    Many thanks for such a write-up.

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