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[PDF Version]
June 2, 2004
Dear Conference Participants,
Joining with the Heritage Foundation, the Center for Freedom and Prosperity, and the Friedrich Naumann Stiftung, I welcome you to the June 2nd Tax Competition
conference. The ability of jobs and capital to shift across national borders is an important restraint against excessive government. This is why tax competition is a liberalizing force in the world economy, and
Republicans in Congress and the Administration are committed to defending the sovereign right of all jurisdictions to adopt free market tax policy.
Like many of my House colleagues, I believe the tax
harmonization agenda is fundamentally misguided. High-tax nations should lower their tax rates if they are worried that jobs and capital are shifting to lower-tax jurisdictions. Indeed, this is the route the United
States has traveled in the last 25 years – an approach that has helped our economy and encouraged greater compliance with the tax law.
I hope you enjoy the conference, and I look forward to having an
opportunity to peruse the proceedings.
Sincerely,
Donald A. Manzullo
Member of Congress
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