Aversion to 'tax inversion'
EconoMeter panel looks at corporations relocating abroad to reduce U.S. taxes
Roger Showley, U-T SAN DIEGO
Friday, August 1, 2014
Kelly Cunningham, National University System
Instead of further punishing companies, the better solution is to reform corporate taxes. Better patriotic actions would support large and small businesses at the heart of the American free-market economy, and not further punishing them with more regulations and greater taxes. U.S. firms are already overburdened by the highest corporate tax rates among developed countries and therefore are less competitive. Instead of driving businesses away, make it more feasible to keep operations here. Lower corporate taxes, eliminate special-interest loopholes, and grow the economy faster, allowing U.S. businesses greater competitiveness in the global marketplace. Good jobs do not occur without businesses thriving.