A Heritage & Milken study found that by simplifying the tax code and lowering the tax rate, as many as 2.2 million jobs will be created. Moreover, it is the American workforce that stands to gain the most by a lower corporate tax rate, as workers bear up 75 percent of the corporate tax burden.
Our nation’s 35 percent corporate tax rate limits investment and development by making it extremely difficult for domestic businesses to compete in a global economy or further invest in job creation efforts here in America. With history as our reference, we must give American businesses the room and resources to grow so they can rebuild our economy.
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