Our current tax code is broken, and it is hurting families and hurting our ability to create good-paying jobs in this country. Last week, we learned that the economy grew 0.1 percent in the first quarter of 2014. One-tenth of a percent growth is unacceptable. Hardworking families and small businesses are struggling in this economy, wages are flat and businesses aren’t growing.
Beyond having the dubious distinction of the highest corporate rate in the world, the United States is also the only country that allows important pieces of its tax code, like the research and development tax credit, to expire on a regular basis. Businesses cannot grow and invest when the tax code is riddled with instability and uncertainty.
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