A study released Tuesday by the Tax Analysis Center found that significantly reducing the corporate tax rate would also boost wages for workers and the economy overall. This could be done on a revenue-neutral basis by reducing the U.S. rate from its current 35 percent to just nine and eliminating loopholes, the study found.

The United States is notable for having one of the highest corporate tax rates in the world. The rate is 33 percent in France, 30 percent in Mexico, 23 percent in the United Kingdom, and just 15 percent in Canada, according financial advisory company Deloitte.