American business Quote by Paul Ryan
“The other thing that's really important in tax reform is making sure that we don't tax American businesses at much higher tax rates than our foreign competitors tax theirs. It is costing us jobs. It's one of the reasons all these American companies are moving overseas.”
About This Quote
Source Speech: Tax Reform discussion, 2017
He argues that high corporate taxes drive U.S. companies abroad, harming jobs, and calls for competitive tax rates.
In simple terms: High taxes push companies overseas, costing jobs.
Advocate lower corporate tax rates.
Themes
Mood
Type
When to use this quote
- Congressional hearings
- policy debates
- media interviews
Key Concepts
Questions to Reflect On
- How can tax policy balance competitiveness and public funding?
- What alternatives exist to retain jobs?
Lower taxes may reduce revenue for public services.