I don't think anyone here would argue with a flat 15% corporate income tax if that were really the rate. Our 35% nominal rate is not really our rate. With all the loopholes and deductions the average rate is something around 17%, except that some companies pay a lot and some get giant refunds (like GE getting $3B back a couple years ago). Its silly, and doesn't make sense. Living in a border town, I do miss the days of the norther peso, however. Used to be worth making the trip across the border to go shopping :/
Also, at the risk of opening a can of worms, Canada enjoys substantial "free rider" benefits to the tune of 3-6% of their GDP by not maintaining a first world military or medical and scientific research industry. Good deal, if you can get your uncle to pay for it. -XC
The U.S. military is not a "first world" anything it like when your uncle blowing the medical insurance money and rent on Mexican fireworks. [It is awesome ] of the big four medical research firms and by big I mean bigger than most economies
Pfizer is the only "american" one but by their nature they are all transnational, Novartis[Swiss], Sanofi [French] and GlaxoSmithKline [British]. the biggest research grant giver in america is DARPA [the pentagon] I see it as a military distortion of academic life. I see economies in a evo-eco mode. The buffet [Not Buffet] style of picking and choosing what you like from an economy rarely works. High capital gains and low corporate taxes is integral to how the Canadian economy works. -oh and the cato institute is run by easy answer magic bullet dummies :)