U.S. Sovereignty, Businesses Endangered by Global Tax Code

Americans are concerned as much as ever about consumer prices and their ability to afford goods and services with their paychecks. One policy that would certainly not help would be to encourage foreign countries’ governments to place additional taxes on U.S. corporations, including on profits earned in the U.S., which global bureaucrats claim are not taxed heavily enough by Congress at home.

Corporations pass a large share of tax increases along to workers through their compensation and to consumers through higher prices. So workers and consumers would surely feel the hit.

Read more at The Hill.