There is no question that the tax system is holding us back economically, especially the 35 percent corporate income tax which is the highest in the developed world. The average state corporate tax brings the rate up to 39.2 percent, versus an average in other developed countries of just 25 percent. Obama committed to bringing more manufacturing jobs back to the U.S., but his government research centers will do far less to encourage that than making our tax system more competitive.
President Obama was absolutely right when he said “It’s not a bigger government we need, but a smarter government that sets priorities and invests in broad-based growth.” One of the top priorities, therefore, should be real tax reform – not as Obama described it, but as Kennedy did – designed to boost the long-term growth path of the economy.
Phil Kerpen is president of American Commitment, a columnist on Fox News Opinion, chairman of the Internet Freedom Coalition, and author of the 2011 book Democracy Denied.
American Commitment is dedicated to restoring and protecting America’s core commitment to free markets, economic growth, Constitutionally-limited government, property rights, and individual freedom.
Washingtonian magazine named Mr. Kerpen to their "Guest List" in 2008 and The Hill newspaper named Mr. Kerpen a "Top Grassroots Lobbyist" in 2011.
Mr. Kerpen's op-eds have run in newspapers across the country and he is a frequent radio and television commentator on economic growth issues.
Prior to joining American Commitment, Mr. Kerpen served as vice president for policy at Americans for Prosperity. Mr. Kerpen has also previously worked as an analyst and researcher for the Free Enterprise Fund, the Club for Growth, and the Cato Institute.
A native of Brooklyn, N.Y., Mr. Kerpen currently resides in Washington, D.C. with his wife Joanna and their daughter Lilly.