National Journal Whiffs on Corporate Tax Facts
In an otherwise fine effort to explain why the U.S. economy is not creating new jobs as fast as it used to, National Journal’s Jim Tankersley reports in the January 21st edition:
Some free-market economists say that we could encourage more domestic investment by cutting corporate tax rates, although it’s fair to note that the jobs breakdown of the 2000s coincided with hefty tax cuts under President Bush. Still, liberal and free-market analysts alike have argued for a sweeping reform of America’s corporate tax code—one that would reduce rates while eliminating many deductions and provisions that give companies incentives to
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