A picture of Representative Jared Polis
Jared P.
Democrat CO 2

About Rep. Jared
  • Reform Bloated Corporate Tax Code

    by Representative Jared Polis

    Posted on 2015-01-08

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    POLIS asked and was given permission to address the House for 1 minute and to revise and extend his remarks.) Mr. POLIS. Madam Speaker, should we reward American companies and entrepreneurs for their hard work and productivity, or should we reward them for having the best lobbyists in Washington? Well, unfortunately today, with our bloated corporate Tax Code full of special interest loopholes, we effectively reward companies that have the best lobbyists in Washington rather than corporations that are creating jobs or profits for their shareholders. That is why we need to work together, Republicans and Democrats, with the administration to reform our bloated corporate Tax Code, eliminating loopholes in tax expenditures and bringing down the rates.

    Did you know, Madam Speaker, we have the highest nominal corporate tax rate of the industrialized countries in the world at 35 percent? We can work together to bring that down to 28 percent, maybe even 25 percent, in a revenue-neutral basis by getting rid of special interest provisions that lobbyists have inserted in the Tax Code and finally rewarding Americans for hard work and productivity rather than simply being good at working Congress to get a special interest advantage.


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