1.2.1.1: Corporate Tax
Reduce the Corporate Tax to 12.5% Other Information:
Reducing the corporate income tax, currently the second highest in the developed world, will make America the number one destination
in the world for foreign investment and the millions of jobs that will accompany this designation. Additionally, we must end
the practice of double-taxation for American firms that make profits overseas. Under a new territorial tax system, American
businesses will only pay income taxes on profits earned within the United States, and American firms will be able to repatriate
over $1 trillion in profits currently trapped overseas.
Indicator(s):
|
