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Rate Coalition Co-Chair James Pinkerton argues that high corporate tax rates make America uncompetitive.
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Aren't they -- good perspective let's talk about taxes of more as our next -- is part of a bipartisan group of about 25 companies that are pushing.
Major corporate tax reform called the rate coalition.
Members include number big companies AT&T Boeing Disney and others.
And with more Jim Pinkerton joins us sound chips co chair of the -- coalition.
Is this is another big issue tax reform in general -- should be.
In the campaign this year tell exactly which you want.
What what the rate coalition -- reforming America's taxes equitably.
Wants to do is get the US federal corporate tax rate down to the average of our economic competitors that is in Europe and -- and -- on.
And it there and -- averages about 45% to the current US averages 35 which is the second highest.
In the industrialized world we say look it's it's just common sense says that a that a rate that high.
Makes American business un competitiveness and I honestly I don't growth you -- close to all the -- -- not kind of thing because a lot of companies don't pay 35.
Where you're right you're actually right now that's why we argue that the rate coalition does that we should be looking also at broadening the base and eliminating gratuitous tax breaks sound like yeah since it was -- and Erskine -- Well exactly exactly it's not only have the Simpson Bowles commission did this idea -- a year ago and our -- body and back in 2010 actually.
But this is basically the idea that President Reagan.
And the democratic leadership in that in the congress had back in 1986.
When we did the historic tax reform act that would lower rates and and -- brought broadened the base and then Andy eliminated excess tax breaks does and that was a huge success.
And we'd like to do it again in the -- for -- does -- have legs as -- segment this is going anywhere in DC you're probably more plugged in and then we are.
Well I mean I think just just yesterday the president Obama's council on jobs and competitiveness which is sort of a corporate advisory group to the White House basically took.
Our our idea.
As -- Comment propose it to the president has always be good -- and also -- the right out of -- say yes before the election and addicted -- I do this before because then it would take it off the table detect what I think that's exact I think that's certainly our.
Our hope is that that congress can act bipartisan -- only way things get this -- get done in this town.
This year.
In 2000 -- in the face the economy needs help now.
You know there's lots everybody's got an idea for tax reform that might happen and 2013 or 2019.
Or whatever.
But but but something that could actually help create jobs and growth now that has broad bipartisan support as you mentioned that Simpson Bowles commission.
The gang of six.
Are those that didn't -- to Medici.
Rivlin commission -- have all these blue chip commissions across the years here in Washington and among policy makers have all been arriving at the sort of the same basic idea which is lower the rates.
And broaden the base.
And that's a winner and so we think that this is a deal waiting to happen.
Even amidst all the partisan anchor of the 2012 presidential campaign more remarkable in some ways that it hasn't yet done just because everybody's been an -- -- an agreement and really having -- -- taking this is the difference is pension thank you very much -- -- thank you -- for today we'll keep governor Jim --
