Learned from Kudlow on the radio today: Corporate business taxes in New York State and New Jersey are the highest business taxes in the world.
Of course, businesses taxes are nothing more than covert taxes on everyone, from the company's employees, to the people who buy the product, to the investor: business taxes are passed on in the form of lower wages, higher prices, and slower growth.
If we desire economic growth, job growth, and prosperous employees, there should be no taxes on the profits of public corporations. (Surely we could handle the resultant loss of tax accounting and tax attorney jobs, because the country is full of burgers needing flipping - and other jobs "Americans won't do.")