No, Clinton has not become a Republican, but he notes that among wealthy nations the US has the second highest corporate tax rate.
What’s Clinton’s solution? He wants Democrats and Republicans to work together to eliminate many of the corporate tax credits and deductions but to lower the overall rate.
How does this relate to jobs? The benefits of the credits and deductions, he claims, often go to companies that don’t create as many jobs as companies that pay a higher tax rate.
The one credit he would keep is for research and development.
“It will more than pay for itself, because more and more companies want their research operations located near their factories, to get the quickest possible feedback and implementation of positive discoveries.”
