"That's why my administration released a framework for reform that simplifies the tax code, eliminates dozens of tax loopholes and subsidies, and promotes job creation right here at home. It's a framework that lowers the corporate tax rate and broadens the tax base in order to increase competitiveness for companies across the nation. It cuts tax rates even further for manufacturers that are creating new products and manufacturing goods here in America. Finally, because no company should be able to avoid paying its fair share of taxes by moving jobs and profits overseas, this framework includes a basic minimum tax for every multinational company. This reform is fully paid for, and it won't add a dime to the deficit.
"Also, we will be forced to vigorously oppose pay-fors that pit one industry against another or lavish favors on some while punishing others. What's really needed is a comprehensive overhaul of the entire system that broadens the tax base, lowers rates for individuals and corporations, and simplifies compliance. Such reform would be a boon to economic growth, jobs, and American competitiveness."
32 Years of Environmental Reporting for serious Environmental Professionals