The Problem With America’s High Corporate Tax Rate

The Tax Foundation explains why America’s high corporate tax rate is a problem:

While Americans pay close attention to individual tax rates, many tune out when the conversation turns to business taxes. This is a mistake. The tax climate for business should be important to all Americans, regardless of whether they actually own businesses themselves. Businesses pass their tax burdens on to their customers, employees, and shareholders. In fact, Tax Foundation research shows that in 2005 the average household paid $2,757 in business taxes.

We all want a growing economy, right? Well economic growth doesn’t happen without businesses. If you raise corporate taxes you inhibit the creation and expansion of businesses. So by keeping corporate tax rates high we inhibit the growth of the economy.
This is simple, economic fact. Yet getting liberals to ‘fess up to it is like pulling teeth.