07/24/2008
https://transcripts.cnn.com...
"So this restructuring obviously resulted in increased profits for Caterpillar, right?"
"This makes a compelling argument for broader tax reform in order to ensure our tax code is fair, competitive, and a vehicle for economic growth."
"And some years ago, we did kind of a, whatever you call it, repatriation in the hopes that it would create more jobs and boost our economy, and I think the evidence shows that basically it went to pay..."
"The U.S. corporate tax rate is 35 percent, but I understand that the effective tax rate that Caterpillar paid was 29 percent."