Our current code is uncompetitive, overly complex and loaded with special interest provisions that unfairly create winners and losers.
The United States is blessed with a combination of advantages that few other countries enjoy. We are the world’s longest surviving democracy, with an entrepreneurial culture that fosters and rewards hard work and innovation. Our natural resources are abundant. We have the world’s strongest military and a generally reliable rule of law and low corruption. Our country has some of the best universities and hospitals and is home to many of the best, most vibrant businesses on the planet — from small and midsize companies to large, global multinationals.
While we have been gifted with some of these benefits and earned others through hard work and determination, we know that American exceptionalism requires vigilance. Specifically, it means transcending our differences and seizing on opportunities to further the remarkable success story of our country to provide greater prosperity for all Americans.
On Wednesday, President Trump will be in Missouri to speak about the opportunity to do just that by finally passing comprehensive pro-growth tax reform.
After traveling to Europe, Asia, the Middle East and Latin America this year, I saw governments that understood the importance of practical policies to promote businesses and economic growth because they benefit their people through greater job creation and wage growth.
This month, I traveled through several states in the Midwest, and I saw a different story where businesses are being held back by an uncompetitive tax code.
Foreign governments have figured out that sensible pro-growth polices have the power to create opportunity at all levels of the economy. As a country, we seem to have lost our way. As a businessman and a proud American, this frustrates and upsets me.
Reforming the tax code is the single most important thing that Congress could do to jump-start our economy, create jobs, and raise wages for American workers. Our current code is uncompetitive, overly complex and loaded with special interest provisions that unfairly create winners and losers. This drives down capital…