Friday, July 20, 2007

Start Phasing Out Kentucky Corporate Taxes

Over 49% of GOP primary voters this year pulled the lever for candidates who made corporate income tax reduction key planks in their campaign platforms.

It may be difficult for Washington to have a real discussion about lowering federal corporate income taxes, but we shouldn't let that stop us.

The worldwide case for lowering corporate taxes is overwhelming. Eliminating them in one fell swoop is worth considering hypothetically, but politically it is a non-starter.

An across-the-board one percentage point reduction in corporate taxes should easily create enough economic activity to justify talking about further cuts.