May 9, 2014
RUNAWAY CORPORATIONS: The problem of corporations fleeing the U.S. for more tax-friendly venues is the topic of today’s Wall Street Journal op-ed by my former boss, Senator Ron Wyden (D-OR), the Chair of the Senate Finance Committee. Wyden pledges to engage in a bipartisan effort to reform the tax code, which he asserts must include both a lowering of the corporate tax rate as well as plugging of corporate tax loopholes.
Normally, I’d be skeptical of Democrat overtures on tax reform. But having worked for Wyden in the past, I know he’s a straight shooter and is genuinely interested in accomplishing bipartisan consensus. I hope the Republicans are willing to reach across the aisle and work with him; it’s a rare opportunity to get something done.