Paul Ryan: Current Tax System ‘Encourages Business To Go Overseas’
RYAN: "But we believe that comprehensive tax reform is going to solve this problem in many ways. So as a former chairman of the Ways and Means Committee I can clearly tell you that the current tax system we have incentivizes businesses to go overseas. It encourages businesses to leave America and to outsource. We don't want to keep encouraging that. We want to have a tax system built for growth. We want to have a tax system that makes it clearly more preferable for a business to locate their business and manufacturing in America. Right now the tax system says, 'Move overseas and reimport back into America.'"