Americans for Tax Reform reports that the US will soon have the highest corporate tax rate in the world, surpassing Japan which is planning on cutting their corporate rates shortly.
Why is this a big deal? It means the US is less attractive to businesses and corporations which, with advancements in technology and information, can easily relocate to other parts of the world.
It's another sign of America's decline as a place of economic freedom and well-being.
As for those who say corporations should pay their fair share of taxes, just remember - higher corporate taxes are just passed on to consumers. Eventually, we the consumers pay these higher taxes.
Country Corporate Income Tax Rate
United States 39.2%
OECD Average 25%