Countries around the world have made maintaining low corporate tax rates, as well as reducing rates, a priority in recent years. Meanwhile, the United States has stood on the sidelines.
As a result, the U.S. now has the highest corporate tax rate in the developed world, exceeding the Organization for Economic Cooperation and Development average by nearly 15 percentage points. By maintaining such a high corporate tax rate, the United States hinders its competitiveness in the global economy.

Chart: Corporate tax rate
(Chart: John Fleming/The Heritage Foundation)
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