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Speech to the ALEC Conference in Atlanta, GA.

Location: Unknown


"I believe that if we are serious about competing with China and India over the next thirty years we have to reform litigation, regulation, taxation, education, health energy and infrastructure. I don't believe you can possibly get there any other way.


"Third, if you really want your business to grow, create jobs, and compete in the world market, match Ireland for the corporate tax rate, which is 12.5 percent. Craig Barrett first told me this when he was the head of Intel. He pointed out that the difference between the highest corporate tax rate in the world, when you combine state and federal taxes is the United States.


Let me say, many of you helped us last year with Drill Here, Drill Now, Pay Less, which actually changed the debate and for the first time in 27 years, it is currently legal to look offshore. I would urge all of you to help us gather up comments for the Department of the Interior, which through September 21st is accepting comments on whether or not and under what circumstances, for the next five years to allow drilling and regulation. This is a very important step for America. Those of you who are in states that have potential access to offshore ought to be looking at that as a significant source of revenue without raising taxes.


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