Saturday, August 23, 2014

Nix corporate tax

The Virginian-Pilot
© August 23, 2014

RE 'IN A STEW over inversions' (George Will op-ed column, Aug. 17): Will's conclusion that 'the sensible corporate tax rate would be zero because corporations do not pay taxes they collect them' is right on.

I've been saying this since 1992 and now conclude that if people want Virginia to grow, something has to change.

The states with the fastest growth rates in the nation do not have an income tax. If our elected officials want to see economic growth close to that of those states, why not consider repealing Virginia's corporate tax?

Our lawmakers have failed to realize that North Carolina, Tennessee and Kentucky have successfully passed laws to snag employers, employees and retirees from Virginia. It's time for Virginia to get smart, step up and pass laws that make our state more competitive.

David Beemer
Virginia Beach