John Faso on Corporations

Lower maximum corporate tax rates and no double-taxation

Congress should fix this by switching to a system in which profits are only taxed once where they are earned and local investments are incentivized. This simple fix will eliminate economic pressures on companies to move overseas and keep jobs in America.

Corporate tax reform should also lower maximum corporate tax rates. Our country's corporate tax rate of 35% is one of the highest in the world. There is bipartisan agreement that we should make our rate more competitive but [politicians have] failed to act. A US corporate rate of 20% with fewer loopholes and deductions will encourage US companies to invest based upon expected economic return instead of where investments are motivated only by tax considerations. \