The Fleecing of American People
Historical Corporate Tax Rates In America:
((The U.S. corporate income-tax rate is also not high by historic standards. The statutory corporate tax rate has gradually been reduced from over 50 percent in the 1950s to its current 35 percent. The current U.S. corporate tax rate does not appear to be impeding corporate profits. Jun 4, 2013))
When American Corporate Tax Rates Were At Their Highest- America Prospered Like No Other Nation. WHY? Because Corporations "had to" INVEST IN AMERICA, to have access to the deductions that lowered their tax, but lowering their taxes by this means, also stimulated "business investments" in America !!! It also supported "Union Wages and Benefits"... and companies made profits at levels that "Business in America Was Stable", Companies Expanded Their Operations and they Hired Employees.
Their profit was so good, they invested in global outreach !!!
When Taxes were reduced, the incentive to "invest in American, the incentive to "Build and Expand", and the incentive to "Support Unions", and the incentive to "Hire People" ... VANISHED..