On the recordOctober 19, 2017
I thank the Senator from Texas for his comment. Let me say where I might agree with some of Senator Cornyn's principles. I believe that we need a more simplified Tax Code. I believe that a goal of our Tax Code ought to put American business on a competitive basis with those of other countries around the world. I believe, as well, that to do that, one of the goals of tax reform ought to be to lower corporate rates. I will point out, though, three quick things so that I may get back to finishing my comments. One, let's actually look at where America's tax burden stands versus those of other nations that actually have lower corporate tax rates, for example. Out of the 34 OECD nations--35 now--if you were to listen to some folks on this floor, you would think that America must rank at the top of that list, but we are 31 out of 35. The PRESIDING OFFICER. All time has expired.
