No Apology, by Gov. Mitt Romney (R, MA): on Corporations


Mitt Romney: Corporations won't send jobs overseas if tax rates lowered

There's a good deal of rhetoric today from liberal politicians who say that we need to tax those corporations that "send jobs overseas." I'm afraid they don't understand that companies with subsidiaries in other countries pay taxes there. Requiring them to pay still-higher US taxes would make them less competitive in those markets, making it bad for their business overseas, and also for jobs here. Sales made by subsidiaries of US companies are often supported by high-paying jobs in finance, research & management at home. And if a company's tax burden under such legislation grew too high, it could simply move overseas to avoid it--resulting in a loss of tax revenue for the US, not a net gain. Those of us who want to see corporate tax rates lowered aren't trying to fill the pockets of executives. We're trying to keep businesses--and jobs--here in the US, and to expand savings and investment, personal incomes, and our entire national economy--all of which are very good things for everyone.
Source: No Apology, by Mitt Romney, p.133-134 Mar 2, 2010

  • The above quotations are from No Apology:
    The Case for American Greatness    ,
    by Gov. Mitt Romney.
  • Click here for definitions & background information on Corporations.
  • Click here for other issues (main summary page).
  • Click here for more quotes by Mitt Romney on Corporations.
2016 Presidential contenders on Corporations:
  Republicans:
Gov.Jeb Bush(FL)
Dr.Ben Carson(MD)
Gov.Chris Christie(NJ)
Sen.Ted Cruz(TX)
Carly Fiorina(CA)
Gov.Jim Gilmore(VA)
Sen.Lindsey Graham(SC)
Gov.Mike Huckabee(AR)
Gov.Bobby Jindal(LA)
Gov.John Kasich(OH)
Gov.Sarah Palin(AK)
Gov.George Pataki(NY)
Sen.Rand Paul(KY)
Gov.Rick Perry(TX)
Sen.Rob Portman(OH)
Sen.Marco Rubio(FL)
Sen.Rick Santorum(PA)
Donald Trump(NY)
Gov.Scott Walker(WI) 		Democrats:
Gov.Lincoln Chafee(RI)
Secy.Hillary Clinton(NY)
V.P.Joe Biden(DE)
Gov.Martin O`Malley(MD)
Sen.Bernie Sanders(VT)
Sen.Elizabeth Warren(MA)
Sen.Jim Webb(VA)

2016 Third Party Candidates:
Gov.Gary Johnson(L-NM)
Roseanne Barr(PF-HI)
Robert Steele(L-NY)
Dr.Jill Stein(G,MA)
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Page last updated: Feb 19, 2019