THE DEMOCRAT WRECKLESS TAX AND SPEND POLICIES HAVE COST AMERICANS JOBS AS 1 MILLION CORPORATIONS HAVE BEEN LOST SINCE THE 1980S AFTER THE REAGAN ERA DUE TO THE HIGHEST CORPORATE TAX RATE–BROUGHT ON BY THE EX POTUS DEMOCRAT BILL CLINTON AND NOW HERALDED BY THE SAME DEMOCRAT POTUS BHO CHAOS–LETS CALL THIS TAX POLICY WHEN IT SQUACK IT MUST BE A DUCK AND NOT A SWAN SONG AS THE DEMOCRATS WOULD LIKE YOU BELIEVE

America has lost 1 million corporations since their height during the Reagan era, in part driven out of business by the industrialized world’s highest corporate tax rate, according to a new report from the nonpartisan Tax Foundation.

The just-issued research revealed that the number of traditional “C” corporations has fall to a “historically low level” and wiped out the corporate tax base, resulting in the federal government relying much more on individual income taxes to fund its operation.

RELATED: Republican-majority Congress scales back tax reform hopes

“There is now more net business income taxed under the individual income tax system than the traditional corporate tax code, a trend that does not appear to be stopping any time soon,” said the report provided to Secrets.

It said that corporate closings have recently picked up steam and now 60,000 a year are shut down.

A driver in the loss of traditional corporations has been the ever-rising corporate tax rate, an issue Washington has been ducking for years.

http://www.washingtonexaminer.com/60000-corporations-closed-every-year-taxes-blamed/article/2558317