We need a permanent, comprehensive fix that will promote investment, innovation and growth in the U.S.
Douglas L. Peterson
The Public Record
★ Featured Quote
May 17, 2017
We need to reform the U.S. tax system, including lowering the corporate tax rate, to level the playing field.
— Douglas L. Peterson
I am encouraged that we have begun this process and that we are having this hearing. And this is going to be hard. But because it is hard doesn't mean we shouldn't do it.
So we have to become more competitive. The way we become more competitive in a global economy is dropping our tax rates.
We do have some agreement here, bipartisan agreement, which is great, because if we can get this economy moving, it is going to be so much better for the people, those hard-working American families.
I hope Congress will seize this moment and enact substantial changes that will foster investment, growth, and jobs in the U.S.
We have the highest tax rate in the world. And because we have highest tax rate in the world, companies are leaving because they are not competitive.
I think this is a good time for us to go back and regroup. As one of the earlier speakers has said, we agree on many, many more things in this bill than we disagree on. We need to take advantage of this opportunity to go back and correct…
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a few days ago we were on this floor voting for numerous reforms of this House designed to bring more credibility to this great institution. At the time I spoke about passing reforms that would ensure that special interests did not…





