Speaker Paul Ryan gave a speech on tax reform before the National Association of Manufacturers.  In the speech, he restated his position that corporate tax cuts will create jobs and that the United States should move to a territorial tax system.

“U.S. Administration Chose to Double Down on Its Abdication of American Leadership.”

WASHINGTON, D.C. – Just one week after pulling out of the Paris Agreement to combat climate change, the U.S. administration has chosen to back away from yet another international convention — this one to combat abusive tax avoidance. Coincidentally, the tax agreement was also negotiated and signed in Paris — at the headquarters of the Organization for Economic Co-operation and Development (OECD).

Statement by FACT Coalition on White House’s Tax Reform Outline

The Administration released an outline today of its plan to reform the corporate tax code.  The signature reform is a reduction of the corporate tax rate from 35% to 15%.