Back-to-back speeches at NALEO: on Corporations

John McCain: Government should be on businesses’ side, not in their way

Our current business tax rate, the second highest in the world, will postpone our recovery from this downturn and make us increasingly less competitive in the world economy. When a corporation plans to expand and hire more workers, they face a choice between building a new plant here at home and building it in a country like Ireland where they will pay less than half the tax rate they now pay. Employers can hire more people, or they can pay more taxes. We can no longer afford the luxury of nostalgia for past times when American business faced little serious competition in the world.