Magazine December 21, 2009, Issue

VAT Attack

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Will the Democrats enact a new kind of tax to pay for their bender?

The U.S. has a smaller government than most rich countries do, but we don’t have much lower corporate tax rates or top income-tax rates. That’s one conclusion to be drawn from a paper on the history of world taxation by American Enterprise Institute scholars Kevin Hassett and Aparna Mathur. Most developed countries have cut their corporate tax rates over the last two decades, and our rates are now among the highest in the developed world (adding state and federal corporate tax rates, we’re second only to Japan). Our top income-tax rates are only slightly lower than the rich-country average. Most

Ramesh Ponnuru is a senior editor for National Review, a columnist for Bloomberg Opinion, a visiting fellow at the American Enterprise Institute, and a senior fellow at the National Review Institute.

In This Issue



Books, Arts & Manners


One of Us

A review of Going Rogue: An American Life, by Sarah Palin, and The Persecution of Sarah Palin, by Matthew Continetti.



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