We currently have 1 false assertion made by Pat Tiberi in our database.
- Member of the U.S. House of Representatives from Ohio's 12th district (2001-)
- Member of the Ohio House of Representatives from the 26th district (1993-2000)
Mr. Speaker, the tax reform framework would slash our corporate rate from the highest in the world at 35% to a competitive 20%.
- 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%.