It's kind of ironic that our friend from California got up and talked about why we don't do what Ronald Reagan and President Kennedy would have done. We've done that. We've cut taxes. We cut taxes several times before that. In fact, his facts are completely wrong when he says that American taxes on companies that create jobs are the second-highest in the world except for Japan. That is the effective tax rate. That's what's on the books. That's not what they pay. When we get through all of the gimmicks, and loopholes, and exemptions, those tax rates for American businesses are actually the second-lowest in the world. Effective tax rates and what people actually pay, that's not the problem. The problem is we need to get the economy unfrozen. We need to have people stop playing political games. We need to invest in infrastructure to rebuild and to renew America, and we need to do so in a way that doesn't have us talking past one another and playing games with jobs across America that are at risk if we don't pass this Bill.
Editor's note · Context
Blumenauer addresses tax rates and the need for infrastructure investment to revive the economy.
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