I just want to make a unanimous consent request to add section 4111 of Chairman Enzi's budget mark.
Ron Wyden
The Public Record
Ron Wyden is an American politician serving as the senior United States senator from Oregon, a position he has held since 1996. A member of the Democratic Party, Wyden has been a prominent advocate for civil liberties, healthcare reform, and technology policy. Throughout his tenure, he has focused on issues such as privacy rights, government surveillance, and access to healthcare, often emphasizing the importance of transparency and accountability in government actions.
It simply does not make good economic sense from either an efficiency or an equity perspective to give a big tax break for income that has already been earned and moved to tax havens.
People at town halls tell me they want tough policies in place to stop companies from shipping jobs overseas.
The Republican tax framework that has been okayed is essentially a corporate wish list, a massive rate cut.
Let us remember that every percentage point decrease in the corporate rate results in a loss of $100 billion in revenue.
International tax reform is an area that is rife for bipartisanship if we are willing to work together on goals that members from both parties share.
We need to keep budget flexibility so we are ready if another recession arrives.
But the framework that was released last week does not resemble what Ronald Reagan accomplished.
the mainstream consensus of economists is that overwhelmingly the benefit of corporate tax cuts goes not to the U.S. worker, but it goes to the shareholders.
The administration is currently working to pick apart the rules that were designed to curb the scourge of inversions.
It is just unconscionable that this epidemic of violence goes on and on and on and on, and policymakers in Washington, DC sit on their hands and do nothing about it.
If a territorial system is adopted, lawmakers should be very serious about tough base-erosion protection mechanisms.
Business tax cuts primarily benefit those at the top of the income distribution.
After decades of increasing inequality and middle-class economic stagnation, tax policy should be working to counter, not reinforce these inequalities.
I continue to believe that corporate integration by means of a dividends paid deduction can significantly help with some of our existing problems.
Bottom line, the President is giving multinationals a green light to pay no taxes.
It was almost like this administration was comatose for Reagan trickle-down economics.
Apparently that mainstream economic analysis had to be purged since it didn't jibe with the Trump Team's patter.
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