Small businesses already struggle to compete with big businesses that enjoy the luxury of a tax code filled with corporate loopholes.
The whole tax code should be looked at, all the way from farm subsidies to carried interest to - to corporate loopholes, because we really need to raise more revenue.
Do away with the corporate loopholes that allow major profitable corporations to stash their money in the Cayman Islands and not pay a nickel in some cases in federal income taxes.
Rather than address the priorities of the middle class, the Ryan budget is an attack on American seniors, students, workers, and families - all for the sake of protecting loopholes for the wealthy and corporations that ship jobs overseas.
I believe we need a balanced, bipartisan approach to debt reduction that includes a combination of spending cuts, investments in economic growth, and simplification of the tax code that closes corporate loopholes that incentivize companies to ship jobs overseas.
I do see great opportunity to make reforms to our tax code, making it simpler, fairer and removing corporate loopholes.
With every new corporate inversion, the tax burden increases on the rest of us to pay what these corporations don't.
Corporations are the only reason the tax code is so complicated in the first place. Those off-shore loopholes didn't get carved out by poor people.
The real problem with the IRS is that they let General Electric not pay any taxes -- and 50 other corporations -- that's the real scandal.
We are closing corporate loopholes so we are hardly being heroic to close the combined reporting loophole. I think 28 or 30 other states have done it and a lot of those states will be trying to get Amazon.
