From our perspective here at the NAM, U.S. corporations are true patriots. They play an integral role in our society and are major contributors to our country’s economic growth and strong democratic government. Corporate America provides well-paying jobs for employees, investment opportunities for shareholders and high-quality products and services for consumers both here and abroad.
That’s why we are more than a little concerned about the Patriot Employers Act (S. 1945) that includes a laundry list of requirements for a company to qualify as a “patriot.” The Wall Street Journal today does a good job of explaining why this legislation would actually destroy jobs and make U.S. companies less competitive.
We agree wholeheartedly with the Journal that “what’s really unpatriotic is the 35% U.S. corporate tax rate.”