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Regardless of their political affiliations, presidential administrations and members of Congress share the goal of maintaining U.S. competitiveness on the global market. ....
The American Jobs Creation Act of 2003 that was sent to the fullHouse on October 28 is an anemic, willowy version of the originallegislation as authored by Ways and Means Chairman Bill Thomas. IfCongress really intends to use this legislation to assist theeconomic recovery and expand the job market then conferees shouldfight to include as much of the original language of H.R. 2896 aspossible. ....
Worldwide taxation places U.S. companies at a competitivedisadvantage abroad, reducing their share of the global market andthe degree to which they can benefit by operating in low-taxjurisdictions. Territorial taxation is good tax policy, andreducing the tax burden on foreign-source income is a simple stepin this direction that would result in more jobs, better jobs, andimproved competitiveness of U.S. companies. ....