Burger King’s recent acquisition of Canadian coffee-and-doughnut chain Tim Horton, and the suggestion Burger King could move its headquarters to Canada to take advantage of lower tax rates there, has reignited the discussion about corporate tax rates in the U.S. Some claim the U.S. should lower it’s corporate tax rates to keep companies from moving offshore.
Here’s what I worry about: Since the days of Ronald Reagan and the introduction of supply-side economics, the infrastructure in America has been on a steady decline.
The median income of average American families has stagnated, while the median income of the highest-paid earners has skyrocketed. We keep cutting taxes, not to benefit average American families, but to benefit corporations and incredibly wealthy individuals.
That leads to the question: Are we in some kind of race to see how far our nation can deteriorate before we decide we need to ask those who can most afford it to shoulder a larger percentage of America’s financial burden?
Carl B. Clark
Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.