The jobs-creation killer that is high corporate taxes
Thursday, July 15, 2010 at 12:09AM 
WSJ op-ed by Laura D’Andrea Tyson and others lamenting the US’s relatively high corporate tax rates and its effect on dampening job creation here.
Gist:
All of the business leaders interviewed for this study agreed that U.S. tax policy has a “major impact” on their competitiveness and investment decisions, and most said that policies like limits on skilled immigration handicap their companies. In the words of one executive, tax considerations are “often one of the largest line items in the investment projection.” Moreover, many of these leaders voiced concern about the future ability of this country to attract and grow corporate investment, R&D and jobs. U.S. multinationals will not aggressively invest and hire here at home if they can’t realize attractive returns from doing so.
Depressing stuff, given the anti-business mood in Washington.
Reader Comments (2)
The corporate tax rate is high if you look at compared to other developed countries. However, I understand that the average tax rates actually paid by the companies, is in line with other developed countries, and as such is not a job-creation killer as the WSJ (with its biases) would indicate.
Before anyone buys off on the WSJs spin, you should spend some time reading "The Big Picture" at
http://www.ritholtz.com/blog/
The posters have good Wall Street insider credentials. Latest discussion dismiss both Gov (taxes and red tape) and Labor (cost of employees) as the source of the econ downdraft. Rather, We are mired because there are no buyers, neither for the goods produced by small or large business. Jobs, credit and attitude will have to change before an upturn can be expected.
Their views fit nicely with your "Demand Uber Ales" argument.