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Employers disagree that tax rates would fix unemployment

Employers disagree that cutting business tax rates would improve unemployment figures, according to a new study by the Institute for Corporate Productivity.

By Amanda McGrory-Dixon | Updated on July 18, 2012

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.

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