Political Quotes

“The Senator from Arizona is absolutely right, and I appreciate his passion on this issue. He has the whole Senate focused on the idea of repatriating profits from overseas back to America to invest in jobs and growth, and he has now focused us on the need to reform the Tax Code on the individual side and on the corporate side. On the individual side, as he talked about, we have an incredibly complex Tax Code--thousands and thousands of pages. By lowering the rates and broadening the base--getting rid of some of this underbrush-- we will create economic growth. It is a necessary shot in the arm right now with over 9 percent unemployment. On the corporate side, right now we have a corporate rate that is the second highest in the world among all developed countries. The highest is Japan, and they want to lower theirs. This means jobs are going overseas instead of staying here. By lowering the rate, getting them down to the average of these other countries, we will bring more investment back to this country. Mr. McCAIN. What is the response to the suggestion of bringing the corporate tax rate down to 25 percent, let's say, because we say corporations are taxed too much in America, yet at the same time we also find corporations paying no taxes?”