We currently have 2 false assertions made by Karen Handel in our database.
- Member of the U.S. House of Representatives from Georgia's 6th district (2017-)
- 26th Secretary of State of Georgia (2007-2010)
In fact, the ACA is the single largest tax increase in my lifetime history.
- The ACA Was the Largest Single Tax Increase in 50 Years
There have been 3 larger in constant dollar terms, or 6 relative to the size of the economy.
Using constant dollars, three tax laws ranked higher. Relative to the size of the U.S. economy and federal revenues the year before, six tax hikes were larger than those in the Affordable Care Act.
Because the United States has the highest corporate rates in the world, and we need to start to draw those down in order to be more competitive.
- The US Has the Highest Corporate Tax Rate in the 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 relatively high, it is not the highest in the world; that distinction goes to the United Arab Emirates with rates up to 55%.