Driving Investment Away From the US With High Taxes

During this campaign there have been accusations thrown around as to which candidate is driving jobs out of the United States. Can we take a step back, please, and recognize that our current tax rates incent companies and  investors to move assets (and therefore jobs) away from the US. Our integrated tax rate (which is the net tax on corporate earnings after corporate income taxes and capital gains taxes) is nearly the highest in the world. People respond to taxes which affect their net returns. That's why people are leaving California for Texas. It's why someone would direct investment to Canada or Mexico or New Zealand and away from high tax locales like the US and France.

The President and Democrats in Congress want to increase taxes on investment. That will just make the incentives even greater to direct capital away from the US.