Ron Wyden

The provisions of the Trump tax law that shortchange American workers and make us less competitive have got to go.

Whether it was the result of shoddy legislating or misleading double-speak, the Trump incentives for shipping jobs overseas are a disaster for working people in Oregon and across the country.

The lesson of the Trump tax law is that somehow, you can spend hundreds of billions on multinational corporate tax handouts and not produce any lasting boost in jobs and investment.

Multinationals must pay a fair share, just like Americans who work for a living.

From 2016 to 2019, they dropped by one-third.

It's time the Congress took a fresh approach.

That report found that the Trump tax law slashed the average U.S. tax rate paid by the biggest mega-corporations by more than half.

A modern tax code should fight gamesmanship and bring down the corporate rate to make American businesses more competitive.

Neither of those two bipartisan bills had a big carve-out for foreign income.

I am increasingly troubled about the fact that in the United States, tax havens are driving too much of the world's largest economy.

I think we are getting ready to wrap up.

Despite all the rhetoric about going after tax havens--there is a lot of competition between the United States and tax havens.

The Trump law sold out the workers and in fact made us less competitive in the world.

U.S. international tax policy prior to the TCJA was dysfunctional.

The lesson of the Trump tax law is that somehow you can spend hundreds of billions of dollars on multinational corporate tax handouts and not produce any lasting boost in jobs and investments.

Chairman Wyden, you have led in this area with your 2010 bipartisan comprehensive tax reform bill.

There was broad bipartisan recognition... that U.S. international tax policy before 2017 was unsustainable.

Multinationals will pay a fair share just like Americans who work for a living.

It is time the Congress took a fresh approach.

In 2014, Senator Cardin introduced legislation that coupled a 10-percent VAT with a reduction in the corporate tax rate to 17 percent.

The tax code needs to reward companies that invest and create good-paying jobs in the United States.

Despite this, Donald Trump and Republicans still sent the United States diving headlong into a global race to the bottom on corporate taxes.

I think the tax competition actually ended a while ago.

I reject the proposition that the United States has to participate in a worldwide race to rock bottom on corporate taxes just to compete or to create good-paying jobs.

I want to read, specifically, what the IRS has told us, because I gather my colleague would like to just continue this for some time. But here is what the IRS says: In the information the IRS receives from the Bureau of Prisons and State…