America’s tax system has not been overhauled in thirty years. We are losing innovative companies, big ideas and future growth because of our outdated system. The urgency for reform cannot be overstated – it’s time for an upgrade.
It's time to upgrade our tax system, America.
Does Not Compute
America has the highest combined corporate tax rate among industrialized nations, at 39 percent. An anticompetitive tax rate harms workers, who bear up to 75 percent of the corporate tax burden, through lower wages.
Get With the Program
Studies show that updates to our corporate tax rate would have kept 1,300 companies in America over the past decade. Losing businesses to global competitors because of an outdated tax system endangers American innovation, ideas and economic growth.
Face the Music
Economists project that a modernized tax system would grow the nation’s overall economic activity, or GDP, by 2.2 percent or more over 10 years. This means more – and higher paying – jobs for U.S. workers.
It's time for an upgrade.
The last time our tax system was overhauled, most Americans hadn’t even heard of the internet, let alone a webpage. Our outdated tax system needs an upgrade – one that’s focused on economic growth and job creation.
Explore The Resources
Modernizing the Corporate Tax CodeLearn More About the Issue
The Facts on Tax ReformGet the Facts
Level Set: Facts to Guide the Tax Policy DebateView the Facts
Caterpillar CEO Doug Oberhelman: Modernize the Outdated Tax SystemWatch the Video
Act on Tax ReformAdd Your Voice
Buying & Selling: Cross-Border Mergers and Acquisitions and the U.S. Corporate Income TaxRead the Report
Global Effective Tax RatesRead the Report
It's Time to Upgrade Our Tax SystemWatch the Video