Donnelly said what has to be removed is a benefit in the tax code for companies that locate overseas or don’t pay their fair share of taxes.
He said the corporate tax rate could be cut from 35 to 25 percent. Donnelly said the average tax rate for businesses is 17 percent because of loopholes in the tax code.
“We want to provide incentives for companies to bring jobs to the U.S.,” he said.
Donnelly is in discussions with Sen. Ron Wyden, D-Ore., incoming chairman of the Senate Finance Committee, to emphasize the importance of jobs.
“Manufacturing is the heartbeat of the nation,” he said. “We need the best educated, talented workforce in the world.”
Follow Ken de la Bastide @KendelaBastide on Twitter, or call 640-4863.