Statement from the LIFT American Coalition on Tax Day 2015
“April 15 is the day we all remember to complete our taxes, but this year, it should also remind us of two disappointing facts: American companies face the highest statutory tax rate in the world and we’re the only G-8 country that taxes globally-engaged, domestic companies twice – first abroad, then at home – on overseas earnings. As a result, American companies and workers are placed at a clear disadvantage in the 21st century economy — resulting in lost investment, innovation, and capital projects that could be taking place right here at home.
In a recent editorial, LIFT described how reforming our broken, outdated tax system will benefit all Americans in today’s competitive, global marketplace. Policymakers on both sides of the aisle recognize the need for change. Tax Day 2015 is yet another reminder that the time to unlock our economic potential is now, and that Congress holds the key.”
For more information, visit www.LIFTAmericaCoalition.org.