Eliminate US Corporate Tax Loopholes and Reduce the Rate

Open e-mail to Rep. Neugebauer:

Randy,

Worldwide corporate tax rates are a significant factor in determining where a company locates to do business. A 1% difference in tax rates means that there is that much more to pay to the business owners, as opposed to payment to government.

Here are some country groups, with their corporate rates:
39% - US and Japan
34% - France
30% - Australia, Canada, Germany, Mexico, New Zealand, and Spain
28% - Italy, Luxembourg, Norway, UK
26% - Finland, Netherlands, Portugal, Sweden

Some say that the 39% US corporate tax rate is not really that high, because of various exemptions. However, the fact is that when corporations are looking for a place to do business, they want to have some specific figures, not a supposition that they may qualify for certain benefits.

Let's get the tax code revised to eliminate loopholes and reduced to a reasonable level, say 26%, to give potential businesses a financial reason to come to the US. We need jobs, jobs, jobs!