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Wyden's Tax Plan Could Create New Jobs


Oregon Senator Ron Wyden says his latest tax reform package has the potential to create two million new "red-white-and blue" jobs every year. He says he wants to remove the tax incentives for American companies to go overseas. Right now companies say they are doing that because the U.S. corporate tax is one of the highest in the world.   Wyden is hoping more of his colleagues understand the urgency for change: “Write off for small business and the chance to get American manufacturing going again. That produces more of that of us coming together, so that our voices prevail against the scores and scores of lobbyists. I think we are reaching that point.” In his latest tax reform proposal, Wyden says he hopes to make it more difficult for future Congresses to "unravel" any tax reform that does occur. He says the goal would be to increase the procedural hoops so that the American people could clearly see any effort to push big tax loopholes for special interest groups.

 

 

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