highest corporate tax rate in the world. i think there is general agreement. the president agrees that we should work to reduce that corporate tax rate, bring it down, make it more competitive internationally. chris: republicans senator john varasso democratic congressman chris van hollen reacting to the news that the american businesses must face. bring in the panel. stephen hayes. susan mulligan of u.s. news and world report. and syndicated columnist charles krauthammer. a not so funny april fool s joke on sunday because japan officially on sunday is lowering its corporate tax rate. it has been the highest in the world. guess what? when they lower theirs, the u.s. at 39.2% will be the highest corporate tax rate combination of federal and state taxes in the world. steve, how big a disadvantage for american companies? significant disadvantage. and the way you know that it s problematic is that there is