The reason why we have not had meaningful reform of our corporate tax system since Reagan did it in 86 is because big business kills it at every turn. We have the highest corporate tax rate in the world at 35%. higher than any country anywhere around the globe. At the same time, you have the s and P500 companies that tend to pay about half the normal rate, 16 to 17% any given year. (04:00–04:04)
CLAIM
Asserts that the U.S. has the highest corporate tax rate globally at 35%.
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