The President's budget proposes increasing the corporate tax rate--it is one of the highest in the world, even higher than Communist China--which will make it much harder to bring manufacturing home from China and to meet your desire to de-risk from the PRC.
Kustoff criticizes the corporate tax rate increase as detrimental to U.S. manufacturing competitiveness.
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Congress has passed--the House has passed the Antisemitism Awareness Act, and I encourage you to support and pass the Countering Antisemitism Awareness Act.
I voted against the creation of the Inflation Reduction Act, which increases the number of audits.
Thank you, Mr. Chairman, for calling today's hearing, and thank you to the witnesses for appearing.
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