Pence: The Tax Code ‘Costs Our Economy $262 Billion Every Year in Compliance’

RUSH EXCERPT:

PENCE: "PENCE: "The tax code is so complex, it seems mainly to benefit the lucky few, the well think, the well-connected who an afford to hire armies of lobbiests and lawyers in our nation’s capital. The truth is tax code is a barrier to growth. As a result American families Ed it today I amazing, costs our economy $2 62 billion every year in compliance, that is more than $800 for every man, woman and child in America. It is burden of high taxes Ta are imposed onure businesses, 30 years ago, amazing to think America had one of the lowest corporate tax rates in the developed world, today, America has fallen behind our competitors when it comes to corporate taxes and business taxes. Our corporate tax rate is now the highest in the developed world, our outdated system penalized businesses for being headquartered in America by taxes every dollar they earn overseas. I have no doubt all great Americans in this room, want to expand your companies here in America first to create more jobs in the communities here. Where you call home. Raise wages for millions of the Americans that you employee, but the truth is too many American businesses have found it easier in resent years to close factories and move jobs overseas, then find a way to figure out how to grow here."