(Original Post)
By MICHELLE HIRSCH, The Fiscal Times
November 18, 2011
A group of moderate Democrats released a white paper Thursday endorsing lower corporate tax rates, elimination of tax breaks for U.S. companies, and incentives to encourage multinational companies to move manufacturing jobs back into the United States.
“By lowering corporate rates to a competitive level internationally, we can also reduce or remove tax benefits that add further complexity and encourage multinational companies to keep their money abroad or defer paying U.S. taxes,” the paper said....
“They say they want to simplify the tax code, yet they spend the rest of the paper explaining how they want to add new loopholes. They say they want more tax breaks for businesses to invest outside of the United States. They want no tax increases on anybody, and they have no way to pay for any of this,” said Bob McIntyre, executive director of Citizens for Tax Justice, a liberal advocacy group. “It’s a document at war with itself.”
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