Fair Share responded to President Donald Trump's joint address to Congress by highlighting the danger to misrepresenting the challenges facing the U.S. tax code.
If we want to base our debate on tax reform on reality and fairness, we need to correct the record. Last night, we heard the president repeat a common myth about our corporate tax code -- that American companies pay the highest corporate taxes in the world. In fact, the average effective tax rate for U.S. companies is 27.1%, which is below average for other major economies, which average 27.8%.
Our loophole-ridden corporate tax