Making the United States Less Competitive

Nearly every industrialized country has lowered its corporate income tax over the past 20 years. However, the United States has not. This creates a less competitive environment for United States corporations.

On average, 67% of the industrialized countries have rates between 24% and 31%, which is down by nearly 16 percentage points since 1990. For example, in 1990 Germany had the highest rate (54.5%), but by 2010 it was down by over 24 percentage points.

In 1990, the United States' rate was the 16th-highest of 23 countries. Today, the United States currently has the second-highest rate (39.2%).

Source Heritage.org.