to the editor from this week's Chronicle:
I take issue with the present proposal to strip the U.S. Tax code of
key provisions created to keep American companies competitive. Yes
our nation’s tax code deserves thoughtful comprehensive reform.
Unfortunately the current proposal before Congress wrong-fully punishes
international American companies which then trickles down to Idaho companies.
This proposal only offers a piecemeal approach to reform that will hurt
Businesses and their workers. Implementing massive tax increases and
throwing international tax provisions by the wayside will only place America
on the fast track to deeper economic decline.
Surely Congress can agree we need policies that jump start our economy
preserve jobs and create new growth opportunities. So why enact a policy
that crushes internationally reaching Idaho and American companies under
the weight of a $200 billion tax increase? From foreign tax credits to
deferral to “check-the-box” U.S. Tax code provisions have been used strategically
by American firms with overseas’ business to compete in a hotly contested
global marketplace. Taking these options away gives foreign companies
a distinct advantage. If passed foreign competitors will excel while we
backslide sacrificing jobs investment and our hope of a strong economic
Idaho depends on natural our natural resources for our economy especially
North Central Idaho. Our timber farming jobs and business rely on exporting
these resources. The companies associated with the Port of Lewiston and
the Lewiston Port are very important to a stable economy.
If this tax proposal takes root our communities and countless others will
feel the reckless instability of this change.
Template Design by: