High Corporate Taxes Hinder Growth

An article in the Wall Street Journal today underscores the issue of high corporate tax rates in Pennsylvania.

It also discusses the impact of corporate tax rates on America as a whole, pointing out that other countries around the world with lower rates are experiencing growth:

Every month that goes by without tax reform, America is a relatively less attractive place to do business. Over the past 18 months, nine of the 30 most developed nations and 20 countries world-wide -- from Israel to Germany to Turkey -- have cut their corporate tax rates. Nations are slashing rates to attract capital and jobs from the U.S., and the tragedy is that our politicians keep making it easy for them.

This article confirms what others have been saying about the condition of business and the economy in Pennsylvania.

Residents are also feeling the local tax crunch and are heading out in search of friendlier climates.