The Debate Over Tax Policy
Debate over tax policy is an obviously crucial issue because it impacts everything from various government services like police and infrastructure and judicial system and military funding, to having a successful educational system, and so forth. Between the two political parties, one area of debate which hasn’t really been brought to close scrutiny is corporate taxation. Republicans argue that America has the highest corporate tax rate at 39.1%, which is well above the Organization for Economic Cooperation and Development (OECD) average of 24.1%. Democrats point out that if you look at the effective tax rate, the largest corporations of the…