One Way That Becoming More Like Europe Would Be Good
President Obama’s plans to raise the top two income tax rates would make the United States a higher-taxing country than many in Europe, notes the Cato Institute’s Chris Edwards: “If the top federal rate rises to 40 percent next year, the United States will have the ninth highest top individual rate in the OECD, including state-level taxes. We’ve already got the second-highest corporate tax rate in the OECD.”
