Mission Impossible? No.

November 3, 2011

The recent article in The Christian Science Monitor entitled Mission impossible: Cutting the corporate tax rate - the point is made that despite the general bipartisan agreement that corporate tax rates need to come more in-line with global standards, down to 25% from 35% on the high end, this is unlikely to happen.

The article makes the point that even if every special "loophole" was closed for corporations the minimum the corporate rate could be reduced would be to 28% before adding to the deficit.

We all know all of those "loopholes" are not going to be closed any time soon. Yet we must reduce the corporate rate to allow businesses to breathe a bit. So what do we do?

It seems the simple answer is to cut government. It doesn't seem so impossible to us.

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