April Fool: U.S. to Have Highest Statutory Corporate Tax Rate

If we want to quicken the pace and get back in the lead in the global innovation race, we should shed the distinction of having the highest statutory corporate tax rate and reduce the effective tax burden on firms investing in the building blocks of innovation and competing in global markets. Instead, we are dragging our feet on corporate tax reform, getting bogged down with rhetoric about corporate welfare from the left and a focus on lowering individual tax rates from the right.