Taxes

Corporate Income Tax

U.S. Has World's Highest Corporate Tax Rate

Our high corporate tax rate has long made the U.S. an uncompetitive place for new investment. This has driven new jobs to other nations and meant fewer jobs and lower wages for all Americans. Read More.

Obama Corporate Tax Reform a Sugar-Coated Tax Hike

With his corporate tax reform “framework,” President Obama added another element to his ultimately harmful economic agenda. Read More.

Punishing Job Creators for Competing Overseas

President Obama said he would soon propose a set of policies that would eliminate tax breaks for businesses that move jobs overseas and reward businesses that bring jobs to the U.S. as part of his new “insourcing” agenda. Read More.

U.S. Has the Highest Corporate Tax Rate

Japan recently reduced its corporate tax rate, making the U.S. total corporate tax rate the world’s highest. High federal and state corporate tax rates make it difficult for U.S. businesses to compete internationally. Read More.

Saving the American Dream

The Heritage Foundation offers a detailed plan to redesign entitlement programs, guarantee assistance to those who need it, and save the American dream for future generations. Read More.

The United States corporate income tax rate is the highest in the developed world. This high rate and our uncompetitive global tax system are driving new investment, and the jobs that come with it, to other countries. Until Congress moves to a territorial tax system and lowers the rate so U.S.-based firms can compete, it will be a struggle to create jobs in the U.S.