RollCall.com: Is the United States In or Out on Globalization?
The D.C. Tax Inversion Debate Isn’t Helping U.S. Companies
When Michigan Republican Rep. Dave Camp’s comprehensive tax reform plan died earlier this year, so too did the hope that Congress would tackle America’s economic competitiveness problem anytime soon.
But as evidenced by this summer’s wave of U.S. companies “inverting” into more business-friendly foreign countries, there is a price to pay for the Capitol’s complacency.
America has a problem, and the D.C. tax inversion debate isn’t helping. In fact, it has uncovered a growing chasm between the government policies that U.S. companies need to compete globally and Washington’s ability to provide them.
American businesses and workers are in trouble if this chasm isn’t bridged soon.