CNN Your Money June 16, 2013 19:13:00
Encourages companies, when they can be mobile to look for lower tax environments in which to place economic activity. if we want to create investment incentives here for u.s. companies and foreign companies and jobs here, we have to start with a competitive corporate tax rate. that's the first step, bringing the rate down. the second step is paying for that by getting rid of the kind of loopholes, preference, credits, subsidies that have been added to the code over the past 30 years. that really distort the code. economists worry a lot about distortions. why do you prefer one sector to another...