ATR reports that Obama gets it.......if you happen to be in Africa.
In his televised address across the African continent last Saturday, President Obama stated with true wisdom: “No business wants to invest in a place where the government skims 20 percent off the top”.
We couldn’t agree more! The U.S’s exorbitant average marginal corporate tax rate of 39.3% is exactly the reason business and investment is fleeing the U.S in droves.
Perhaps it was a parsing error. After all, "taxing" is not the same as "skimming," right?
Right.
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