07/11/2023
https://www.congress.gov...
"There was broad bipartisan recognition... that U.S. international tax policy before 2017 was unsustainable."
"U.S. international tax policy prior to the TCJA was dysfunctional."
"The tax code needs to reward companies that invest and create good-paying jobs in the United States."
"In 2014, Senator Cardin introduced legislation that coupled a 10-percent VAT with a reduction in the corporate tax rate to 17 percent."