Morning Bell, The Heritage Foundation: According to the Tax Policy Center, Barack Obama plans raise the tax burden on all Americans by $627.1 billion over the next 10 years. Defending this policy on ABC’s “Good Morning America,” Joe Biden told Americans they should enjoy paying higher taxes because “ it’s time to be patriotic … time to jump in, time to be part of the deal, time to help get America out of the rut.”Apparently, the rest of the world does not view higher taxes as “patriotic” as Biden does.Over the last decade almost every member of the European Union has cut its corporate tax rate. . . . High corporate tax rates are undermining U.S. international competitiveness. In today’s global economy, high rates deter companies from taking advantage of new market opportunities in countries they otherwise would be eager to compete in. . . . [Read More] [Image source]
Tags: Barack Obama, Corporate taxes, economy, EU, Europe, Joe Biden, Trade To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
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