Corporate Income Tax Reform : Progressive's Laugh Out Loud

What - a progressive socialist liberal democrat government willingly reducing their capacity to take money from productive people - Not a chance.

France and the United States Neck and Neck for Highest Corporate Income Tax
Source: "The U.S. Is Number Two: France has surpassed America with the highest tax on capital investments," Wall Street Journal, February 5, 2015.
February 27, 2015

Thanks to France doubling its surface tax on corporate income, the United States no longer has the world's highest corporate income tax. Today, France imposes a 36 percent marginal effective tax rate on capital investments, while the United States holds at 35.3 percent. The marginal effective tax rate on capital accounts for the corporate income tax including deductions and credits, sales taxes on capital purchases, and other capital-related taxes including financial transaction taxes.
Looking at the Tax Foundation calculation, which combines the federal rate with the average state levy, the United States statutory corporate tax rate is 39.1 percent.
Comparatively:

• The G-7 nations have reduced their corporate tax rates by an average of 4.4 percent since 2005.
• G-20 nations average out at 26.2 percent after reducing corporate tax rates 3.1 percent.
• South Korea, Japan and Germany's corporate tax rates are 30.1 percent, 29.3 percent and 24.2 percent, respectively.

According to a National Center for Policy Analysis (NCPA) economic study, a corporate income tax is ultimately falls largely on U.S. workers. Therefore, abolishing the corporate income tax could benefit everyone.

The NCPA analysis shows that eliminating the U.S. corporate tax — holding constant the corporate tax rates of other countries — would produce a rapid and dramatic increase in domestic investment, GDP, real wages and national saving.