Employers disagree that cutting business tax rates would improve unemployment figures, according to a new study by the Institute for Corporate Productivity.
The study also reveals that only 3 percent of respondents believe high business tax rates would make hiring difficult for their organizations, and 9 percent of respondents say today's unemployment rates are a because of the high U.S. labor costs. Twelve percent of respondents say their organizations' decisions to increase their work forces outside of the United States are negatively affecting domestic hiring.
[See also: Obama's tax policy will kill jobs, group argues]
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