Wednesday, December 5, 2007
James Pethokoukis at U.S. News & World Report has an interview with Mitt Romney on the Capital Commerce Blog. In it, Romney opines on the need for tort reform:
Romney: "I think there are a number of things we need to do to make ourselves more competitive. One, lower the corporate tax rate. As you know, we and Japan have the highest corporate taxes in the world. Two, provide regulatory relief. Regulations grow like weeds, so you got to get a weed whacker and regularly pull them out. We need national tort reform. Last year American corporations spent more money on tort claims than they spent on R&D, and that is unacceptable."