On the recordJuly 28, 2010
If we lower our corporate tax rate at least down to OECD averages, that will enhance U.S. competitiveness. And we do have a different tax system than other countries utilize that I think actually hurts our competitiveness. But if we actually take steps such as what the administration has proposed in its current budget in the international tax treatment of U.S. companies, we're actually going to hurt U.S. job growth, we're going to hurt exports, and we're going to hurt U.S. competitiveness. So I think it's imperative that we take a look at this. And our committee, the Ways and Means Committee, should take the lead in this issue as well.
