A Competitive Tax Structure

by Brad Peck

As part of the U.S. Chamber’s efforts to try and ensure a strong and rational debate this election cycle we have partnered with the Center for American Progress Action Fund and the Politico to put forth a series of solutions which will ensure a positive course of action for our economy and our country. Discussing all points of view can only make our country stronger.  The series, which consists of a series of letters to the next President, is called Dear44.  This week Dr. Marty Regalia from the Chamber discusses taxes.  Here is a sample:

The last thing an uncertain U.S. economy needs is a large tax increase. For businesses, especially small and medium size, a tax increase during a soft economy could push many companies into bankruptcy. Don’t take our word for it. On May 1, Rep. Roy Blunt asked Rep. Steny Hoyer, on the House floor, for the rationale behind forgoing House PAYGO rules for the stimulus package. In his response Rep. Hoyer said:  “ … we felt, in terms of stimulating the economy, you didn't want to stimulate and depress at the same time.”

The U.S. Chamber believes that it is never a good time to depress the economy.  America needs pro-growth tax policies that provide fairness in the global marketplace for our businesses, workers and families. The Chamber opposes tax increases that take money away from consumers and businesses that could have been invested in new products, equipment, and jobs.

Read the other side and get involved in the debate over on the Politico.

Comments

[the duke]

If business wouldn't use a tax cut to fill the pockets of management and would use the money to try and keep jobs in the US, then more taxpayers would be for tax cuts for business. I don't want my tax dollars going to companies who outsourse jobs elsewhere.