Laura Ingraham hosted John Engler on corporate inversion and why US businesses leave the US to set up shop overseas.
Engler said we have an outdated tax code in which profits are taxed both overseas and at home with $2 trillion stashed overseas. Our rate is 35% and other countries are lower. There have been few moves made to change the tax code in the main. He said the US needs growth and the best way is to reform the tax code for growth. He decried lower labor participation and earnings power. He also criticized regulations and trade actions. Ingraham cited the unfair business practices in China which is state sponsored economy.