USA Today Editorial Calls for Lower Corporate Taxes
Liberal media outlets often champion higher taxes, or at the very least lash out at businesses for finding ways to lower their tax bills. However, USA Today offered an editorial on Aug. 14, doing the very opposite: calling for lower corporate taxes.
In the “our view” section of the paper’s opinion page,
Inversions are a tactic where companies move their corporate
residence to countries with lower tax rates, including locations in
“On one hand, who can blame them?” the editorial asked. “The
Although USA Today did call inversions “ugly,” it proposed that the government make it attractive for companies to stay in the U.S. by lowering the corporate tax rate and “making up the revenue loss by closing loopholes” or by “raising taxes on dividends.”
The editorial pointed out that the
“This should be yet another wake-up call for Congress that
its’ past time to overhaul the expensive and maddeningly complicated
An op-ed in the opposing view section on the same page called for higher taxes on corporations.
While President Obama has criticized companies who use inversions, many of his biggest donors profit off of this system, according to reports from Bloomberg News and CBS News.
— Mike Ciandella is Research Analyst at the Media Research Center. Follow Mike Ciandella on Twitter.
