Focus on Corporate Tax Reform Needs to Last Beyond the Presidential Campaign

By March 7, 2012Taxation

Like columnists Jim Carter and Jason Filchner, manufacturers are buoyed that Presidential candidates—on both sides of the aisle—are talking about reforming our nation’s tax code.  As Carter and Fichtner point out in their March 6th op ed in Investors’ Business Daily, our corporate tax rate needs to be lowered to a level more in line with our competitors’—for us, that’s 25 percent or lower. 

We also need to move from our “worldwide” tax system to a more competitive territorial system like those used by our major trading partners. And we shouldn’t stop there.  Our overall tax code needs to be simpler, more transparent, permanent, predictable and efficient.

While all of the candidates recognize the need for tax reform—and some have ideas very similar to Manufacturers—we need to ensure that tax reform is not just an issue for the campaign trail but an action item for the new Administration.

Dorothy Coleman

Dorothy Coleman

Dorothy Coleman is vice president of tax and domestic economic policy at the National Association of Manufacturers (NAM). Ms. Coleman is responsible for providing NAM members with important information related to tax issues and representing the NAM’s position to Congress, the Administration and the media. An NAM spokesperson for tax policy issues, she coordinates membership coalitions; prepares testimony, reports and analyses; and responds to media inquiries. Before taking over as vice president of the tax policy department, she served as director of tax policy from April 1998 to April 2000.
Dorothy Coleman

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