Factopolis

John Shimkus

John Shimkus

We currently have 1 false assertion made by John Shimkus in our database.

Offices Held

  1. Member of the U.S. House of Representatives from Illinois's 15th district (2013-)
  2. Member of the U.S. House of Representatives from Illinois's 19th district (2003-2013)
  3. Member of the U.S. House of Representatives from Illinois's 20th district (1997-2003)

Statements

  1. WHAT’S OUT? Special-interest loopholes, incentives to ship jobs overseas, and the highest corporate tax rate in the industrialized world.

    Claims

    The US Has the Highest Corporate Tax Rate in the Developed World
    The US does have a high statutory rate (up to 35%), but significant deductions and exemptions mean companies actually end up paying a much lower rate; the effective tax rate is about average. Furthermore, while the statutory rate is relatively high, it is not the highest in the developed world; that distinction goes to the United Arab Emirates with rates up to 55%.
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Page last modified 2017-11-03. View history.