At the heart of public anger with Wall Street is the sense that accountability is lacking.
Economy & Budget
An inversion transaction involves a U.S. incorporated company becoming a foreign incorporated company that is generally continued to be managed in the United States.
There’s no question that deficiencies in our tax code are making U.S. businesses less competitive in the global marketplace.
American taxpayers will be forced to pick up the tab for corporate inversions.
Claims of “corporate welfare” are thrown around often without a basic understanding of how Ex-Im actually operates.
Our combined federal-state corporate rate of 39.1 percent is the highest in the world.
Ex-Im and other export credit agencies are filling gaps in commercial lending.
Congress should reform transportation spending to eliminate diversions, return control of local projects to the states, and reduce burdensome regulations that add time and cost.
We support the Bank’s reauthorization as long as reasonable, narrow, targeted reforms eliminate the financing of widebody aircraft to credit-worthy foreign, state-owned or state-supported airlines.
I know that I would not have been able to succeed without help.