Did Reagan Lowering Corp Taxes in 1986 spark a Trade War

[FreakinDJ]

Like the "Good Ol' Days of Hooverism" the GOP hasn't seen a Corporate Tax Loophole they didn't like. Actually these are "Reverse Tariffs"




As you can see from the chart many countries joined it for the Race to the Bottom of Corporate Taxes

The American Corp Tax Rate may be 35% but the Effective Means Corp Tax Rate is 25% once the numerous Tax Loopholes are factored in. More countries are sure to follow as the Republicans continue to sneak additional Corp Tax Loopholes into spending legislation

http://3.bp.blogspot.com/_1pb7adF2Rp0/TLS4o68ZglI/AAAAAAAACTQ/9FTIcKEg6Ig/s1600/Trade+Deficit+vs+Government+Debt+-+Inflation+Adjusted.jpg