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Taxes


The U.S. tax system is complex, a drag on economic growth and hinders U.S. global competitiveness. NEMA supports a tax system that is fair, transparent, easily understood and that allows U.S. industry to be more competitive. A tax code that encourages growth is predictable, efficient, has rates comparable to those of other advanced economies, and is assessed on a territorial basis. A long-term solution such as this would be simpler, have lower compliance costs, and encourage—rather than tacitly penalize—work, investment, research and development, and job creation.

 

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