As a result of our antiquated tax system, some $2 trillion is locked out of the United States ó and that figure grows every day. Reforming the U.S. tax system would allow companies to avoid this lock-out effect, thus freeing up badly needed capital to invest in enhanced research and development, plant expansion, expanded services and products, better worker benefits and quality new jobs for American workers.
Winning in the 21st-century economy is about more than reducing wage disparity. Itís about creating the jobs and opportunity required for widespread economic prosperity.
Claire Buchan Parker is the spokeswoman for LIFT America Coalition and former White House deputy press secretary for George W. Bush.
Vice President Joe Biden waits to conduct a mock swearing-in ceremony with Sen. Brian Schatz, D-Hawaii, in the Capitol's Old Senate Chamber, December 2, 2014. Schatz was sworn in to serve the remainder of his term since he was appointed to the seat after Sen. Daniel Inouye, D-Hawaii, passed away.