Get rid of the preferences and the special deductions and the loopholes... and invest in getting the tax rate to a competitive level so we stop seeing companies move off shore.

The United States already has the highest corporate tax rate in the world.

Ford's federal income tax rate was just 2.3 percent in 2009 even though it made $3 billion in profits.

In 2010 the U.S. will have a payroll tax rate increase, an estate tax increase, and income tax increases. There's also a tax increase coming in 2010 on carried interest. This rate will rise from its current level of 15 percent to 35 percent, and then it will rise again in 2011.

North Carolina needs to revamp the tax code completely. We have some of the highest tax rates, like the corporate tax rate, in the country.

High tax rates distort economic decision making, and our corporate income tax rate is one of the highest in the world.