Lee Bright on Corporations

Lower corporate tax rate: pro-free enterprise reforms

Lee will push for pro-free enterprise reforms to the tax structure. Lee will start by pushing to rollback income tax rates overall after the disastrous capitulation to the Obama administration over the Bush-era tax cuts. This should be followed by lowering the corporate income tax rate.

The US has the highest corporate income tax rate in the industrialized world, especially if you include the taxes levied by many state governments. This high tax burden reduces competitiveness and hurts businesses that should be creating innovative products and technologies. More importantly, by hurting employers we are keeping unemployment high.

He opposes special carve-outs that bail out some businesses at the expense of others.