McLernon: Tax Reform 'Vastly Improves' US Competitiveness

WASHINGTON – Nancy McLernon, president and CEO of the Organization for International Investment (OFII), issued the following statement after final passage of the Tax Cuts and Jobs Act (H.R. 1):

"Since 2000, the average corporate tax rate among advanced economies has dropped by nearly double digits.  America’s increasingly obsolete corporate tax system coincided with an even more dramatic drop in our share of global investment – meaning that jobs that could have been created in the United States went to other countries.  On behalf of the millions of Americans who earn a living from an international company, I applaud those who completed the hard work of tax reform, which vastly improves U.S. competitiveness for global investment and the high-quality U.S. jobs it generates."