Thursday, December 28, 2006

Steve Forbes on Corporate Taxes

From CNBC's Kudlow & Company:

"America today nominally has the highest corporate tax rate in the world - next to that of Japan. Other countries have learned the lesson: reduce the burden on companies, reduce the burden on people who want to get ahead. Guess what? They start moving forward. So we're living off of past policy. If we want to stay competitive, we've got to reduce that tax burden, not just on companies but on people, too. We should have the lowest taxes in the world. We should be number one."