The US is finally lowering its corporate tax rate from 35%
to 21%. We have been the highest real country with 35%.
The global average highest corporate tax rate in 2017 is
22.96% Africa and South America have the highest corporate tax rates and they
are the poorest. North America and Oceana (Australia and neighboring islands)
are the next lowest and Europe is the lowest.
The rest of the world began lowering their corporate tax
rates in 1990 and again in 2000 and again in 2010.
In 1980, these average rates were between 36% and 44%. By
2000 the averages were reduced to 25% to 32%.
The US didn’t move its rate down until now and nobody is
asking why it took so long.
Also, the US increased regulations and encouraged globalism
over the past 30 years. Large global companies removed manufacturing from the
US and set up global supply chains.
It’s a little late for the US to finally wake up and figure
out why all of our jobs have gone overseas. Congress is to blame for this screw
up in not taking action until now. But this is the same Congress that created
the 2008 Meltdown, excessive immigration, and UN Agenda 21 implementation in
the US. They also wouldn’t drill for US oil, wouldn’t close the border.
Trump’s election signaled the end of globalism in the US in
2016. Regulations have been cut and making our corporate tax more competitive
is a “no-brainer”.
Norb
Leahy, Dunwoody GA Tea Party Leader
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