[Congressional Record Volume 161, Number 3 (Thursday, January 8, 2015)]
[House]
[Page H114]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   REFORM BLOATED CORPORATE TAX CODE

  (Mr. POLIS asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. POLIS. Madam Speaker, should we reward American companies and 
entrepreneurs for their hard work and productivity, or should we reward 
them for having the best lobbyists in Washington? Well, unfortunately 
today, with our bloated corporate Tax Code full of special interest 
loopholes, we effectively reward companies that have the best lobbyists 
in Washington rather than corporations that are creating jobs or 
profits for their shareholders. That is why we need to work together, 
Republicans and Democrats, with the administration to reform our 
bloated corporate Tax Code, eliminating loopholes in tax expenditures 
and bringing down the rates.
  Did you know, Madam Speaker, we have the highest nominal corporate 
tax rate of the industrialized countries in the world at 35 percent? We 
can work together to bring that down to 28 percent, maybe even 25 
percent, in a revenue-neutral basis by getting rid of special interest 
provisions that lobbyists have inserted in the Tax Code and finally 
rewarding Americans for hard work and productivity rather than simply 
being good at working Congress to get a special interest advantage.

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