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The bill changes U.S. corporate rates – which are currently the highest in the world – to match our trading competitors in Europe. This will make America a more competitive place to do business and create jobs.pic.twitter.com/3KVdmkbUsC
The bill cuts the rates for the same reason President Barack Obama wanted to in 2012: “Our current corporate tax system is outdated, unfair, and inefficient,” he said. “It provides tax breaks for moving jobs and profits overseas and hits companies that choose to stay in America..
...with one of the highest tax rates in the world … That’s why my administration released a … framework that lowers the corporate tax rate and broadens the tax base in order to increase competitiveness for companies across the nation.”
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