Lawrence Kudlow put forth the above proposition very well in an April, 2016 article in IBD. His premise is the U.S. pays the highest corporate income taxes in the world (among developed countries) and penalizes global companies taxing them twice, thus they leave profits outside our country. No wonder companies move overseas, it isn’t the evil capitalists, it is the federal government’s lousy policies.
President Obama has given lip service to lowering these barriers but as usual has not led.
“Numerous studies have shown that the biggest beneficiaries of corporate tax cuts is the middle-income wage earners,” states Mr. Kudlow.
But let’s not look at the data, let’s create a bogey man to blame and hate. That is the refuge of poor leaders, of which we have an abundance on both sides of the aisle.
Lincoln didn’t demonize his opponents, only persistently stated his positions with reason, and love for all. Washington did the same. We have seen leaders do this well, let’s all pray for another few to come to the front.