Cut Taxes on Business

Why should the US cut taxes on business? Because other countries are, and that leaves businesses in the US at a competitive disadvantage. Like it or not, the best economies in the world are playing a game called "tax competition," and the US is losing.

Here's an excerpt of the story from the The Economist:

"IT IS more than two decades since America led the world in tax reform, and what Ronald Reagan called “that old jalopy of our tax system” is looking in need of a lot more than a new spray of paint. Last week Hank Paulson, the treasury secretary, held a summit in Washington, DC, to address the part of the system that is most visibly lagging behind best practice in the rest of the world—the taxation of firms."