american corporations to shift
their income abroad to tax
havens.
so right now corporate income
tax amounts to only 7% of total
federal tax revenue, and
corporate income has increased
as a share of gdp, and we're
proposing changes to the
corporate tax system that would
close loopholes.
this comes, also, in the context
of global negotiations to try to
stop the decades' long race to
the bottom among countries in
competing for business by
lowering their corporate tax