CNN Your Money June 15, 2013 18:13:00
Inefficient form of taxation. it discourages investment. it encourages companies when they can be mobile to look for lower tax environments to place economic activity. if we want to create investment incentives here for u.s. companies and foreign companies and for 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, preferences, credit subsidies that have been added to the code over the past 30 years. that really distorts the code. economists worry a lot abou...
Source: archive.org