Would Chopping Corporate Taxes Pump Up Growth?


The National Association of Manufacturers picked either the perfect time to call for a reduction in the corporate tax rate or the worst possible moment. It's tough to tell.

On the same day, Jan. 26, the Congressional Budget Office projected that the federal budget deficit would hit $1.3 trillion in the current fiscal year, a small decrease from fiscal 2009 because the economy is showing signs of growth. This is hardly a cause for celebration, however, given the astounding level of red ink.