Mike Johnson actually said...
You know, it sounds like to me that you all agree since the U.S. last reduced its corporate tax rate through the 1986 tax reform, that our major trading partners have moved past the U.S. in terms of reducing the corporate tax burden by lowering rates and going to a territorial system.
Context
Sam Johnson highlights the lag of U.S. corporate tax reforms compared to trading partners.
05/23/2011