We have such an uncompetitive regulatory environment. But we, as this hearing clearly shows, as the work, as this committee staff has done and the chairman, the ranking member have done, We have an uncompetitive tax system forcing companies, in order to survive, take over that corporate ownership, and then we lose it all. We lose all the income in terms of being able to tax it. So we've got to become far more competitive. And we are highlighting a reality here that we. (07:31–07:40)
CLAIM
Asserts that the U.S. tax system is uncompetitive, causing companies to change ownership and resulting in loss of tax income.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
