Tax rate change may spur US manufacturing, SMA says

Dec 22, 2010 | 06:53 AM |

U.S. tax code changes could spur economic development by allowing domestic companies—such as steel producers—to invest more heavily in U.S. operations, according to industry leaders.

Corporate tax burden data "clearly shows that U.S. companies incur a substantially higher tax rate than do their international counterparts," Thomas A. Danjczek, president of the Steel Manufacturers Association (SMA), Washington, said in the wake of White House meetings this month with prominent U.S. business leaders. ....

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