Washington, D.C. – Claire Buchan Parker, spokeswoman for the LIFT (Let’s Invest for Tomorrow) America Coalition, today issued the following statement regarding Sens. Rand Paul and Barbara Boxer’s proposed legislation to use revenue from repatriation to replenish the Highway Trust Fund:
“Both shoring up the Highway Trust Fund and removing barriers that prevent foreign earnings from being returned home for investment are critical issues for Congress to address. However, if we want to ensure the United States remains competitive in a 21st Century economy, we need more than temporary, one-time funding fixes that would only set the nation further back. What we urgently need are permanent, comprehensive reforms of our tax code.”
“The best way to grow the economy and increase government revenues is to enact meaningful tax reform that would modernize our international tax system to the benefit of all Americans. This goes beyond closing so-called ‘loopholes’; instead, it would address the fundamental deficiencies that plague our outdated tax code, thus improving our ability to make critical investments in the nation’s interest.”
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