US corporations pay more in taxes than any other country. Corporations that make a profit overseas are taxed if they bring that profit home. I would like to see the federal government eliminate taxes on profits that companies make overseas, and let corporations bring that money home to the U.S.
Recently, the Chamber of Commerce embraced this idea and is presently calling for an immediate moratorium on all overseas profits until a new tax code for corporations can be written. I support lowering taxes on corporations to approximately 20-25%.
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