Antiquated Quote by Jeffrey R. Immelt
“I think we should have basically the same tax policy that Germany, Japan, the U.K., everybody else has, which is a tax rate in the mid-20s and no loopholes. Zero. The U.S. has the most antiquated tax system. And that means some people are going to pay more taxes, and some people are going to pay less.”
About This Quote
Advocates a uniform, mid‑20% corporate tax rate without loopholes, arguing the U.S. system is outdated and inequitable.
In simple terms: Calls for tax simplification and fairness.
Key Takeaway
Simplify tax code, raise rates, close loopholes.
Themes
tax policy
fiscal fairness
comparative economics
government reform
public finance
Mood
critical
analytical
concerned
Type
policy statement
opinion
When to use this quote
- legislative debate
- budget planning
- business strategy
- public advocacy
- international trade negotiations
Key Concepts
corporate tax
tax loopholes
policy parity
economic efficiency
Practical Applications
- policy drafting
- tax reform advocacy
Questions to Reflect On
- How would a uniform rate affect investment?
- What challenges arise in eliminating loopholes?
