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Editorials and Op-eds

April 18, 2015 - Detroit News (Op-ed), "Tax reform will unlock the economy’s potential," Claire Buchan Parker, Spokeswoman, LIFT (Let’s Invest for Tomorrow) America Coalition
It is hard to build economic momentum, and even harder to keep it going, when businesses and workers recognize that U.S. policies that should be helping them compete in a hyper-competitive global marketplace, are actually working against them and our national interests. Specifically, as our domestic economy becomes more and more intertwined with those beyond our shores, our antiquated international tax laws are putting U.S.-based companies at a major disadvantage on the world stage.

September 3, 2014 - The Hill (Op-ed), "U.S. Tax System Is a Global Punchline," Nancy McLernon, President and CEO of the Organization for International Investment
The best way to prevent corporate inversions is to address the underlying problem – America’s uncompetitive tax code. In 1999, the average corporate tax rate across the industrialized world – including the United States – was 35 percent. ... America’s rate remains more than 10 percentage points higher than the global average. By embracing policy changes that reflect the realities of the global economy, rather than penalizing companies that want to compete in it, Congress can help America regain its winning advantage.

July 11, 2014 - Washington Times (Op-ed), "Enabling American Companies to Compete at Home and Abroad," Kyle Pomerleau, Economist, Tax Foundation's Center for Federal Tax Policy
The United States is one of only six industrialized nations to employ this burdensome worldwide system — and that number is shrinking steadily. In the past 15 years, 13 OECD nations (Japan, the U.K. and New Zealand most recently) have shifted to a “territorial” structure that would exempt most (or all) of foreign-earned income from additional taxation at home. ... As the long campaign for a fairer and more competitive tax system continues, lawmakers should carefully examine the manner in which our government’s treatment of American companies overseas has hampered their growth and ability to invest here at home.

May 1, 2014 - Denver Post (Editorial), "U.S. Must Reform Corporate Tax Rate"
It's not just the 35 percent U.S. corporate tax rate that is a problem, but the double taxation that occurs. U.S. companies operating abroad are taxed in the country where the money was made. Then they are taxed at the difference between that rate and the U.S. rate, if it's higher (as it usually is) and they want to bring the money home. ... The U.S. needs to move toward ending this double taxation, lower the corporate tax rate and trim loopholes so tax reform remains revenue neutral. It should be clear that an overhaul that encourages companies to remain headquartered in the U.S. is, in the long term, the best deal for all of us.

January 27, 2014 - Roll Call (Op-ed), "The Path to Jobs and Prosperity: Tax Reform," Claire Buchan Parker, LIFT America Coalition and Former White House Deputy Press Secretary for George W. Bush
By reforming our current corporate tax code to include a modern international tax system, similar to those used by our trading partners, we can take important steps toward creating jobs and mass prosperity here at home, while increasing America’s ability to compete across the globe. But first, the right policies have to be put in place.

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News Clips

July 30, 2014 - Bloomberg, "Senate Republicans Block Narrow Bill on Offshore Breaks"
Senate Republicans halted a Democratic measure that would limit tax breaks for companies that outsource jobs and operations from the U.S. ... Business groups representing multinational companies oppose the bill. “Disallowing a deduction for a legitimate cost of doing business would inject even more uncertainty into business planning, add additional complexity to the tax code and further increase costs for U.S. companies, making them less competitive in the global marketplace,” the groups, including the National Association of Manufacturers and the Business Roundtable, wrote in a July 22 letter to lawmakers.

April 8, 2014 - Wall Street Journal, "New Slant on Corporate Taxes"
Change is coming atop some key congressional committees, and that could tip the balance in the long-running debate on overhauling corporate taxes. ... The companies argue that the disparity between U.S. and foreign taxes traps their foreign earnings overseas. To bring that cash home, they and their supporters say, the U.S. should join most of the world’s other industrialized countries in adopting a so-called territorial tax system. A territorial system allows companies to pay little or no taxes on foreign profits above what they have already paid abroad.

December 15, 2013 - The Hill, "Tax Reformers See Hope in Budget Deal"
Congressional tax writers, left reeling after a string of setbacks to tax reform, say ratification of the budget pact could give them new momentum next year. Senate Finance Committee Chairman Max Baucus (D-Mont.) and House Ways and Means Committee Chairman Dave Camp (R-Mich.) have seen their efforts stymied and criticized in recent months. But the budget deal struck this week includes no new revenue from ending tax breaks, giving them free reign to pursue a full-scale rewrite of the tax code.

July 8, 2013 - POLITICO, "Chairmen Max Baucus, Dave Camp Hit the Road to Sell Tax Reform"
It’s a favorite strategy for presidents who see their policy priorities struggle on Capitol Hill: Take the conversation outside the Beltway to rally the public’s support. Lawmakers often dismiss such tactics as theatrics, but on Monday two of the most powerful members of Congress ripped a page from that playbook to promote tax reform.

June 13, 2013 - MarketWatch, "Boeing CEO Says Out-of-Date Tax Code Hurts U.S. Economy"
One of the nation’s most prominent CEOs says U.S. corporate tax rates needed to be lower not because American companies are overtaxed but mainly because foreign rivals have an advantage. Jim McNerney, chief executive of Boeing, says the U.S. tax code has fallen behind the times. Many European countries have cut tax rates in the past two decades and developing nations such as China already offer a low-tax environment.

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Facts about Deferral
U.S. tax rules significantly affect the ability of American companies to compete in foreign markets. These rules include a provision known as “deferral,” which is a key pro-competitive international tax rule for American companies. Click Here to Learn More
Did You Know?
Myth: U.S. companies operate abroad primarily in low-wage countries.
Fact: Globally engaged American companies invest primarily in the foreign markets they seek to serve. U.S. Department of Commerce data show that 70% of the production of all U.S. foreign affiliates took place in high-income foreign countries.