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Great Chart

March 1, 2012 1 minute Read by Matthew Denhart

Corporate tax rates matter for growth. This week’s edition of The Economist features a great chart comparing the U.S. corporate tax rate to the average rate for OECD countries from the early 1980s through 2010. The bottom line is that the U.S. is not very competitive. In 2010, the combined (federal, state, and local) corporate tax rate was just under 40% in the U.S., approximately 10 percentage points higher than the average rate for the OECD. To become competitive again — as it was in the 1980s — the U.S. needs to lower its rate substantially. Tax competitiveness is one recipe for growth.


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Matthew Denhart
Matthew Denhart

Matthew Denhart is an expert on immigration policy and is the author of the Bush Institute’s America's Advantage: A Handbook of Vital Immigration and Economic Growth Statistics, now in its third edition. He currently serves as executive director of the Calvin Coolidge Presidential Foundation and is a founder of the Coolidge Scholars Program which provides full-ride merit scholarships to America's most promising college students. A summa cum laude graduate of Ohio University, Denhart has written and spoken widely on a variety of policy topics including the economics of higher education, labor, and taxes. He has contributed articles to numerous national publications including The Wall Street Journal, Forbes.com, CNN Opinion, and Bloomberg View. 

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