The idea that America's 35 percent corporate tax rate is stifling U.S. economic growth is almost an article of faith among some politicians.The sound bites from Republican presidential debates to campaign stops are basically interchangeable: "We need to bring that corporate tax rate down."
In the 2012 election cycle, "Job No. 1" for any political candidate will be to lay out persuasive plans for generating more middle-income jobs.In the more than two years since the Great Recession ended, job growth has been exceptionally slow. Today, 14 million U.S.
When the monthly numbers came out last Friday, unemployment was still above 9 percent and the economy created no jobs--none; zero; zilch. The Republican presidential candidates quickly took the president to task while Mr. Obama was in “I’ve gotta get out there with a plan” mode.