The USA has the 2nd highest corporate tax rate in the world, topped only by
Japan. The problem is in the tax code itself, which has too many
Actually, cutting the corporate tax rate significantly would do wonders for
our ailing economy. When rates are lower, revenues are higher because when
taxes are go beneath a certain threshold it is more costly to employ tax
lawyers to make sure all potential loop-holes are used, than to just pay the
Also, lower corporate tax rates make for a more business-friendly
environment, stimulating growth (and hence hiring).
But by far the largest source of waste, fraud and abuse is military
spending. Trillions are spent fighting pre-emptive wars of aggression,
policing the world and nation-building overseas, while leaving a weakened
defense capacity at home.
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