April 1 is a date that every politician and business executive in America should circle on the calendar. That's when Japan cuts its corporate tax rate to 36.8% from 39.5%. The United States will then hold the title of highest corporate tax rate, with average combined federal and state profit levies of 39.2%.I can almost hear the progressives cheering. “Yes!”, they'll say. We're leading the world, as we should be.
Yes, that's higher than Sweden. Higher than Russia. And China, Mexico, Denmark and even France. Doesn't it make you want to break out in a chant: U-S-A, U-S-A?
Me? I just cry for my country's future.
And, as always, remain amazed at how little attention issues like this get from everyday people. As though they don't matter...