All of the Republicans running for president agree: The corporate income tax needs to be sliced. The only point of dispute is how big a cleaver to wield. Mitt Romney would lower the corporate rate from 35 percent to 25 percent. Tim Pawlenty wants it down to 15 percent. Michele Bachmann scoffs at their timidity and says bring the rate down to 9 percent. At last night’s debate in Iowa, Rick Santorum pledged to zero it out for manufacturers.*
So what would a country with ultra-low corporate tax rates actually look like?
Life in a low corporate tax world – Ezra Klein – The Washington Post