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Why the Left Should Support Repeal of the Corporate Tax

From the Green Commons: Netroots of the Green Party:

The business conservatives are screaming for a corporate income tax cut. They claim that the tax rate that US corporations must pay is far higher than their overseas competitors. They are right…kind of. Some are screaming for the rate to be dropped to 25%. We should publicly agree and take it to the extreme by calling for the rate to be cut to 0%.

The Green Party ought to apply a surprising jujitsu move by coming out strongly in favor of the complete elimination of corporate income taxation. After you lift your jaw up off the floor, hear me out.

(Hat Tip:  Robert Packard.)


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