A: In the short term, what I've proposed is a very strong economic stimulus package, which is $100 billion, phased in over a period of months. And it's focused on building green infrastructure, modernizing our unemployment insurance laws, getting help to the states that are struggling to do what they need to do. But I think the economy needs stimulus, given what's happening right now.
A: That is not what I would do. I think that there have been an awful lot of corporate tax loopholes that have been created over a period of decades now. In fact, there is actually a tax incentive today for American companies that are sending jobs overseas. I think that needs to be stopped. That loophole needs to be closed.
Q: Some economists say that this very high US corporate tax rate, one of the highest in the world, is really, in the end, hurting American workers because it simply encourages these companies to go overseas where the tax structure is a lot lower.
A: Well, I think what we have actually done, bot through our trade laws and our tax laws, is incentivize companies to go overseas. I think those incentives need to be changed, both in our trade structure and in our tax structure. We need to be pay more attention to the impact on middle class families.
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The above quotations are from CNN political race coverage.
Click here for other excerpts from CNN political race coverage. Click here for other excerpts by John Edwards. Click here for a profile of John Edwards.
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