I have no idea what the ideal corporate tax rate should be, but there is no evidence rates are too high. 2/3 of all US companies pay no income tax http://www.cbsnews.com/stories/2008/08/12/national/main4342535.shtml

Americas foremost corporate investor guru, a man who profits from corporate profits, Warren Buffett, thinks corporate rates are too low. Says corporate income tax accounted for only around 7% of Federal Revenue when they used to kick 30% in the 1950′s. That means individual personal income tax for you and me has to be more. Here’s more on Buffett and corporate tax rates

http://www.commondreams.org/headlines04/0306-01.htm

Right..until you factor-in state taxes. In twenty-five states, the combined federal and state tax burden is higher than in Japan. In Delaware, for example, the combined state/federal burden is 40.07%…ahead of Japan’s 39.54%, and higher than the rest of socialized Europe.

Hence, we have ‘an extrodinarily high’ tax rate.

You have the situation reversed. The wife maxed out three credit cards. Now we have to use the fourth credit card to put gas in the car, keep the Internet on, and buy a new suit so we can go look for a job to get back on our feet. It won’t do to just cut up the credit cards and wait for the power to be cut off and the repo man to come.

Jeez, are you trying to get him fired?

Rick, the corporate tax rate in the USA is about the same as Japan. We’re somewhere in the top five along with Germany. Corporate tax applies to profits – income after all expenses. Does not apply to S corporations, has little impact on small business. Our Commerce Department, Congress, The President are all keenly aware of avoiding steps that will damage our ability to compete in global markets. I hope you agree that the USA with the world’s most expensive military – something that I want to keep – we do have a need for taxation. If you do

Here is link: http://en.wikipedia.org/wiki/Corporate_tax_in_the_United_States

The President proposes we go back to “pay as you go”. No cutting taxes, no new programs – unless they are paid for.

We got run into this horrible debt ditch by fighting trillion dollar wars, extending a new Medicare Drug benefits, and cutting taxes – all at the same time – without any – none – no – thought of paying for any of it – except borrowing. That is what we trying to repair. Fighting the deficit, and cutting taxes at the same time is tough to do given current circumstances.

Regarding Washington and Madison. George Washington and James Madison are dead. They are not coming back.

We are now dealing with contemporary political leaders like President Obama, Reid, McConnell, Bonier, Pelosi McCain.

A lot of people yearn for the simple times of Colonial yesteryear. With little teeny Government, no taxes, nothing standing between a man and the great wilderness of his dreams. Things were so de-regulated you could even own another person, whip him good if he did not do the work. Sell his children. If you want to return to Colonial times get yourself a time capsule or something. We are living in a whole new much better world.

The new anti-government dreamers are telling us we can have a world without Government, where everybody is a self sufficient individual entity. It’s just plain nutty.

Yeah..’nutty’ people like Washington and Madison.

Like some kind of cult with no connection to reality.

Sort of like ‘think’s’ fatuous ‘hope and change’ fealty to the cult of Obama.

I do believe we will hear some good ideas but to take it private then taunt the original poster as to why there has been no call? I am starting to think that those that post here are using others names…