GOP Whip Kevin McCarthy Can’t Handle The Truth: U.S. Corporate Taxes Are Very Low

GOP Whip Kevin McCarthy Can’t Handle The Truth: U.S. Corporate Taxes Are Very Low: pAccording to the latest estimates from the Congressional Budget Office, U.S. corporations paid just a 12.1 percent tax rate in fiscal 2011 on their U.S. profits, a 40 year low. This fact flies in the face of Republican rhetoric, as the GOP consistently claims that the U.S.’s high corporate tax rate is hurting the economy. [...]/p