Jabs touts business approach, tax cuts

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Good for Mr. Jabs. Somehow he kept his business in America and managed to grow it despite a 35% corporate tax rate.

So he surely must know the corporate tax rate is not the same as the effective rate, which is what corporations actually pay.

For many corporations, lowering the rate to 15% without also changing all the loopholes for business would mean they pay no federal tax at all. This is already the case for some U.S. corporations in some years.

There’s a case to be made for lowering corporate income taxes, but simply cutting the tax rate isn’t going to stimulate investment or grow the economy in a significant way. What it will do, without overall tax reform, is reduce government revenues and leave more money in the owners’ pockets.

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