Despite what well-funded retailer and special interest groups would have you believe, voters support the idea of a border adjustment, a key element of the House Blueprint for tax reform, according to a new poll out today. According to The Hill, the survey done by Harvard-Harris Poll found that 62 percent of Americans would support a “tax on all goods made outside the United States.” Additionally, the idea was supported by “77 percent of Republicans, 61 percent of Independents and 51 percent of Democrats."
Tax Day. The annual rite of passage where, nationwide, Americans fill out paperwork or hire an accountant, to ultimately hold their noses as they write a check payable to Uncle Sam. No other issue is as important to the everyday lives and bottom lines of families and businesses around the nation as our tax code. But interestingly enough, few other issues are as complex or politically challenging.
MOUNT PROSPECT, ILL. — The United States corporate tax rate has been stuck at 35 percent for three decades. In that time, other leading countries have slashed their corporate rates to an average of 25 percent, with many far below that figure. This tax rate discrepancy puts domestic manufacturers at a competitive disadvantage and creates incentives for them to engage in “inversions” (using openings in the law to change their tax nationalities) or to move production and jobs offshore.