So let's make that decision easier for more companies. Our tax code is riddled with wasteful, complicated loopholes that punish businesses investing here, and reward companies that keep profits abroad. Let's flip that equation. Let's work together to close those loopholes, end those incentives to ship jobs overseas, and lower tax rates for businesses that create jobs here at home
Let's do more to help the entrepreneurs and small business owners who create most new jobs in America. And when 98% of our exporters are small businesses, new trade partnerships with Europe and the Asia-Pacific will help them create more jobs. We need to work together on tools like bipartisan trade promotion authority to protect our workers, protect our environment, and open new markets to new goods stamped "Made in the USA." China and Europe aren't standing on the sidelines. Neither should we.
FactCheck: That depends on which business leaders you talk to. The White House cited an A.T. Kearney survey as the basis for Obama's remark, noting the US indeed landed at the top of the list for expected foreign direct investment. But the US doesn't fare anywhere near as well in other prominent business analysis.
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| 2016 Presidential contenders on Free Trade: | |||
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Republicans:
Sen.Ted Cruz(TX) Carly Fiorina(CA) Gov.John Kasich(OH) Sen.Marco Rubio(FL) Donald Trump(NY) |
Democrats:
Secy.Hillary Clinton(NY) Sen.Bernie Sanders(VT) 2016 Third Party Candidates: Roseanne Barr(PF-HI) Robert Steele(L-NY) Dr.Jill Stein(G,MA) | ||
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