America is now Offically #1....

[jgoose71 0]

..... With the highest corporate tax rate in the world.
http://finance.yahoo.com/blogs/daily-ticker/america-1-corporate-taxes-143053782.html

The person who wrote this article make the arguments that:

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With U.S. corporate profits margins near record levels, and corporations sitting on approximately $1 trillion in cash -- much of its parked overseas to avoid U.S. taxes -- is it really credible to say taxes are holding back American industry?

As things sit right now with all the labor also being over seas, no.

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Given the high levels of profitability and cash on corporate balance sheets already, is there any reason to think lower rates would really result in more hiring and investment in America?

For big business that can afford lobbyists and tax lawyers to find loopholes, no.
For small businesses that are trying to start up and can't find a way to shelter them selves from the taxes, yes.

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In an era of rising income inequality and increasing populist rhetoric, is it really good politics to give corporations another break?

Yes and no. The economy will not come rocketing out of the dumps until more Americans are back to work. The Tax code needs to change to make it more profitable to hire Americans again. Unfortunately, a higher corporate tax rate will not do that.

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