Are you economist? Its not ridiculous. In the entire tax revenue pie chart of what the US takes in, corp taxes only amount to 12%<quoted text>
What a ridiculous thing to do. Thankfully the disgraced mayor is retired.
Why have the highest corp tax rate in the world? You're only hurting people who want jobs.
Setting the corp tax at zero would quickly be offset by personal income tax even at the same rate. Setting the corp tax at zero would attract corporate headquarters from around the world at a pace growing the economy at a meltdown pace. Even Chinese outfits would leave to move here despite the hindering labor cost and EPA red tape.
Anyone that understands supply and demand understands the unemployment would drop to near zero and everyone knows that's what's happening in north dakota currently. You know.....where starting pay at wal mart is $17...
Democrats won't let it happen because they know they'd lose control of their plantation. Itd be difficult enough getting it done with republicans.