John McCain actually said...

Today, the fact is that the United State of America has the highest corporate tax rate of any country in the world.

This makes a compelling argument for broader tax reform in order to ensure our tax code is fair, competitive, and a vehicle for economic gro...

So even though there are significant profits made by your overseas operation, you still pay an overall effective tax rate of 29 percent?

The U.S. corporate tax rate is 35 percent, but I understand that the effective tax rate that Caterpillar paid was 29 percent.