Monday, January 19, 2009

Want to Save Jobs? Cut Corporate Taxes to Zero

That's what Mark Levey says and who am I to argue?
The quickest way to strengthen the credit system and begin the end of this crisis is to get money into the economy for true job creation, and not into government work programs. The way to do this is to slash taxes. The U.S. corporate tax rate, currently the highest in the world, should be cut to 0% (corporate income would still be taxed, of course, when distributed to shareholders as dividends). The capital-gains tax should be cut further.

Read the whole thing for blasphemy against FDR's New Deal. You may be surprised.

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