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Making American Companies More Competitive

A "territorial" tax system that taxes only income earned insidenational borders would allow U.S.-based companies to compete on alevel playing field with foreign competitors, particularly ifaccompanied by a significant reduction in the corporate tax rate.If Congress lacks the political will to engage in fundamentalreform, it should at least go as far toward a territorial taxsystem as possible.
United States Clint Eastwood Glenn Hubbard Danielj Mitchell Foreign Sales Corporation Senate Finance Committee

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