In this week’s #TaxReformTuesday, Ways and Means Chairman Kevin Brady (R-TX) joined Kelly Evans on CNBC’s “Closing Bell” to discuss how our tax reform Blueprint grows jobs, businesses, and the U.S. economy.
CLICK HERE or the image above to watch the full interview.
As Chairman Brady explained, under our plan:
“For the first time ever, foreign products and ‘Made in America’ products are taxed equally in the United States. Secondly, you have much lower tax rates … You have a simplified tax code, so companies can’t really game the system by moving their profits overseas, their manufacturing, or their patents overseas. And I think maybe the most important is that—we eliminate any tax incentives to move jobs or manufacturing overseas. In fact, just the opposite. You create sort of a giant sucking sound toward America on jobs and plants. We think, frankly, that’s the tax code America needs for the 21st century.”