The media would like us to think lower corporate taxes won’t affect business expansion and job creation. But just check out this list of American corporations that transferred to other countries with lower taxes using a process called inversion.
That’s powerful evidence tax rates do matter.
Conservative reformers began cutting corporate tax rates in 2013 and now we have the lowest corporate tax in the nation among states that have one.
And even the fact checkers had to admit North Carolina had the nation’s fastest growing economy since the tax cutting started.
Let’s keep cutting middle class and business taxes to keep our economy competitive with all comers. Senate reformers have introduced The Billion Dollar Middle Class Tax Cut plan to cut business taxes and make the first $20,000 of family income tax free.
House conservatives should jump aboard the low tax, high growth train.