Tuesday, May 31, 2011

The GOP’s tired, self-serving song is getting old

Are U.S. taxes high or low? – Economix

The G.O.P. says global competitiveness requires the United States to reduce its corporate tax rate. But the United States actually has the lowest corporate tax burden of any of the member nations of the Organization for Economic Cooperation and Development.[…]

The truth of the matter is that federal taxes in the United States are very low. There is no reason to believe that reducing them further will do anything to raise growth or reduce unemployment.

So Peter Schiff and you other ego-bloated plutocrats from HedgeFund-istan (aka Greenwich, Connecticut), give it a rest.  And please don’t tell us the solution is a value added (consumption) tax.  Just pay your damn taxes.

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