Manufacturers and taxes
Regarding “House passes GOP budget with eye on upcoming tax debate” (Page A18, Oct. 6), as our leaders develop a proposed overhaul for our tax code, manufacturers like PPG are pushing for a more competitive tax system. Our current system hurts everyone from large to small manufacturers.
Simplifying the tax code will create a level playing field that fosters a fair and competitive environment for businesses, including PPG’s Houston plant, which employs about 60 people. A simplified tax code would help manufacturers to invest in their communities, support their families, grow the economy, create more jobs and make manufacturing in the United States more competitive.
To create a competitive tax system that supports innovation, investment, job creation and economic growth, we must begin with a lower corporate tax rate. The U.S. currently has the highest among developed countries and, in recent years, nearly 60 countries have cut corporate taxes. By standing still, the U.S. has fallen behind.
Also, reform in our current international tax system will allow U.S. manufacturers to better compete abroad, where 95 percent of the world’s customers are located. The success of manufacturing and the economy in the U.S. depends on our leaders taking action right now. John Brandon, PPG plant manager, Houston
There is that scattereth, and yet increaseth; and there is that withholdeth more than is meet, but it tendeth to poverty. Proverbs 11:24