The Naval Observatory
For Immediate Release
Washington, DC – Vice President Kyle Fitzgerald spoke to the press in support of the Revenue Neutral Corporate Tax Reduction Act sponsored by Speaker Kurt Faulhammer (R-NY).
“Our corporate tax rate is among the highest in the world. We need to lower our corporate tax rate to something more competitive. While the Speaker’s plan would still leave us with a rate higher than the global average, it would certainly be a step in the right direction. His plan would also make the system fairer and revenue neutral by limiting the amount corporations can claim from deductions. Ultimately, I would like to see us adopt a 15% rate – just like Canada. We should be on par with our regional economic competitors.”