On the recordApril 5, 1995
I am so excited that we are reducing part of the taxes, reducing $190 billion of taxes, to help offset the $250 billion tax increase that we had a year and a half ago, and we are doing it in such a way as to expand and encourage jobs in this country. Let me just briefly show you this chart of how the United States charges our businesses that buy that machinery and equipment. Our marginal tax rate is 28 percent compared to France, 18 percent; Germany is exempt. We are penalizing our businesses that buy those tools and put the best tools in the hands of our workers. If we give American workers those kinds of tools and those kinds of facilities, we can out produce anybody in the world. Mr. Chairman, that is what makes jobs. We produce a product that people in this country and all over the world want to buy, and we produce it at a competitive price. To do that, we have got to give our workers the best possible tools.
Source
govinfo.gov
