- House Schedules Hearing On International Tax Reform
- February 26, 2016
- Law Firm: McDonald Hopkins LLC - Cleveland Office
- House Ways and Means Committee Chairman Kevin Brady (R-TX) announced this week that the Committee will hold a hearing on Wednesday, February 24 at 10:00 AM to explore how the current global tax environment is negatively impacting our economy and American workers. They will specifically discuss ideas for reforming the U.S. international tax system to make it easier for American companies to compete overseas and thus create more jobs at home.
Upon announcing the hearing, Chairman Brady said:
“In the first two months of this year, even more American job creators have been forced to move their headquarters overseas because they simply can’t compete under our broken tax code. Our outdated international tax rules and sky-high corporate tax rate continue to create an unfriendly environment that ultimately hurts our economy and American workers. Other countries around the world are also targeting American employers and making it even harder for them to create good jobs here at home."
“Our upcoming hearing will be an important step in our plan to address this serious problem. We will continue to take action to make it easier for American companies to invest at home and hire more American workers.”