John Gizzi, a political editor at Humanevents.com gets to ask Tony Snow his last question.
Q
“At the Christian Science Monitor breakfast yesterday, Secretary [of the Treasury Henry] Paulson commented that France and Germany have cut their corporate income tax even more than the United States, and suggested that that might be an endeavor the administration will pursue. Can you say that -- "
A
Snow replied: “Let's put it this way: We live in a very competitive economic environment globally. If you take a look at what's going on in our economy, increasingly exports are playing a major role in our economic growth. They're growing far more rapidly than imports. And in a global economy, what you need to do is to maintain competitive -- you have to be competitive. That includes such things as regulations, corporate tax rates and so on. And what Secretary Paulson was doing was reflecting our view that we need to be fully fit, because the rest of the world is not sitting still. They understand the challenges of competition in a global environment. They also understand the importance of free trade.
And in a situation like that where we are advocating for freer trade around the globe, we also want to make sure that our companies are not placed at a competitive disadvantage.”
“Thank you,” I said. Read John's blog here
Matt Lewis at Townhall.com: "Best Press Secretary of the modern era"
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