Obama Corporate Tax Reform Would Cut 35% Rate To Only 34%

The statutory U.S. tax rate is the highest in the world.

The federal rate of 35% plus state taxes put the U.S. rate at 39.1% vs. a 25.1% average for other OECD countries, the Congressional Research Service says.

Unfortunately, that puts U.S. companies at a competitive disadvantage in the global market place.