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Matt Cartwright: “The corporate tax rate should have come down, but they took…”

Featuring: Matt Cartwright, Democratic | Former U.S. House, Pennsylvania, District 8

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PA 8th Congressional District Debate

Published | Video Starts at 21:25

When they moved to Mexico, we had as many as 1600 manufacturing jobs just go away like that. The devastation that it caused in our country, that tax cut bill, it took the corporate tax rate, which I agree The corporate tax rate should have come down, but they took it to 21% for American companies making profits in this country, but down to 15% for American companies making profits in other countries. That's a huge incentive to offshore more jobs. We've had about enough of that in Northeastern Pennsylvania. We need to create incentives for more manufacturing jobs here in Pennsylvania. (21:25–21:39)

CLAIM

Asserts that the corporate tax rate was reduced to 21% domestically and 15% for foreign profits.

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