We should have cut corporate taxes, Congressman Sessions says

In response to my question of whether or not lowering taxes were a quick fix or not, Congressman Pete Sessions (R-TX) says I asked him an interesting question. If you are competitive in what you do, and someone else in this competitive world does something, you respond, he says. For instance, the Soviet Union went to a flat tax, and they’ve almost doubled the amount of revenue they get, and so it’s always a competitive marketplace. All of a sudden we look up, he says, and America has the second highest corporate tax rate in the world. We should have said that in order to be more competitive, we should have cut corporate taxes. Once again it’s a level of where your competition is- that’s your marketplace. (1:14)
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