On the recordMay 19, 2011
Well, we cannot even have a discussion if a budget isn't brought up. I just had occasion to meet with the Finance Minister from Canada, and he told me they are bringing their corporate tax rate down to 15 percent or below. We are at 35 percent. We have the second highest corporate tax rate in the world. Wouldn't it be nice if we can tax more and get some more money? But as the Senator knows from his experience, if we have too high of tax rates, it drives investment out of America, drives jobs out of America, and companies are liable to want to move to Canada where they pay less taxes, creating jobs for them and not us. So there is a danger, is there not, economically?
