September 9, 2015
By Jon Hartley
Today in a speech at Morris & Associates in Garner, N.C., 2016 Republican presidential candidate Jeb Bush laid out his campaign’s plan for comprehensive tax reform. Unlike many traditional Republican tax plans — including those proposed by many of his rivals for the GOP nomination — Bush’s plan focuses on alleviating the current economic maladies of anemic GDP growth, stagnant middle-income wages, and rising income inequality.
The former Florida governor’s unorthodox approach starts with slashing the corporate tax rate to keep the U.S. an attractive place for corporations to do business, create jobs, and pay taxes. His plan would drastically cut the U.S. corporate-tax rate from 35 percent to 20 percent, a much-needed reform that would keep the U.S. a competitive place to do business.
The U.S. currently has the highest corporate-tax rate among OECD countries, which in an increasingly globalized economy reduces the incentive for multinational companies to invest on our shores and makes it difficult to attract profit repatriation from abroad, at the cost of significant federal tax revenues.
Read the full article at National Review Online: Jeb Bush’s Tax Plan Offers Badly Needed Conservative Reforms