A Whopper and Poutine – Opinions From E. Curtis Johnson

When American corporations merge with foreign corporations to pay a lower tax rate it’s called, inversion. President Obama wants U.S. corporations to practice “economic patriotism” and stay in America. Obama knows as much about business as Congress knows about leadership. Thanks to Congress, America has the highest corporate tax rate among developed nations. Burger King announced it is buying Canadian coffee shop chain, Tim Horton’s, and will move from Miami to Ontario.

After the first winter, BK executives will realize their decision is as unpalatable as washing down poutine with warm Molson Golden, but I digress. Since Burger King is the recent example, for anyone who believes the corporate tax rate isn’t high enough you can’t “Have it your way.” Incentive drives business to stay. High tax rates drive business off shore. Believing that higher taxes will solve America’s economic problems is a big Whopper.

I’m E. Curtis Johnson. BK charbroils. America’s 35% corporate tax rate burns business. Canada’s 15% corporate tax rate is beauty, eh?