In February 2017, U.S. House Ways and Means Committee Chairman Kevin Brady remarked at a conference on international tax competition, “Our blueprint delivers a tax code built specifically to leapfrog America from dead last among our global competitors back into the lead pack of the most pro-growth tax systems on earth.”

Fast forward to August 2018. The United States has indeed leapfrogged other countries and unleashed greater economic growth. The 2017 Tax Cuts and Jobs Act lowered the federal corporate tax rate to 21 percent.

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