the United States corporate tax restrains economic growth and job creation. The United States tax rate differential fosters a variety of complicated multinational corporate practices intended to avoid the tax, which have the effect of moving the tax base offshore, destroying American jobs, and decreasing corporate revenue. (6) The world-wide structure of United States international taxation essentially taxes earnings of United States firms twice, putting them at a significant competitive disadvantage with competitors that have more competitive international tax systems. (7) Reforming the tax code would boost the competitiveness of United States companies operating abroad and significantly reduce tax avoidance. (8) The tax code imposes costs on American workers through lower wages, consumers in higher prices, and investors in diminished returns. (9) Increasing taxes to raise revenue and meet out-of-control spending would sink the economy and Americans’ ability to save for their children’s education and retirement. (10) Closing special preference carve outs in our tax code to finance higher spending does not constitute fundamental tax reform. (11) Tax reform should curb or eliminate tax breaks and use those savings to lower tax rates across the board, not to fund more wasteful Federal Government spending. Washington has a spending problem, not a revenue problem. (12) Many economists believe that fundamental tax reform, including a broader tax base and lower tax rates, would lead to greater labor supply and increased investment, which would have a positive impact on total national output. (b) Policy on tax reform It is the policy of this concurrent resolution that the House should consider comprehensive tax reform legislation that promotes economic growth, creates American jobs, increases wages, and benefits American consumers, investors, and workers by— (1) simplifying the tax code to make it fairer to American families and businesses and reducing the amount of time and resources necessary to comply with tax laws