This constructive bill would automatically set the U.S. corporate rate five percentage points below the Organization for Economic Co-operation and Development (OECD) average.
How to Stop US Companies From Leaving the US
In his budget released earlier this month, President Barack Obama took some time to boast about his economic record, saying that “we rescued our economy from the depths of the recession … [a]nd today, our economy is the strongest, most durable on Earth.”
Unfortunately, he left out one slight caveat—America’s “recovery” under Obama, by almost any metric used, has been the weakest in over 50 years.
In terms of post-recession economic growth, Obama’s recovery ranks dead last. Taken cumulatively, the lost output of this recovery compared to past recoveries is a whopping $5.4 trillion.
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The Heritage Foundation is the nation’s most broadly supported public policy research institute, with more than 453,000 individual, foundation and corporate donors. Heritage, founded in February 1973, mission is
to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.
