Granted, Lawrence Summers is smarter than I am, but I don’t understand why his proposal to reform taxes [“Win-win tax reform,” op-ed, July 8] by lowering the tax rate on foreign earnings to 15 percent doesn’t continue to discriminate against domestic companies that have to pay more than twice that rate. If we want to create more jobs and income here in the United States, why continue a tax system that encourages the export of jobs and profits?
Even though Mr. Summers’s proposal would lower the incentive to export jobs and profits, it would still encourage any business looking to cut its tax rate to do so. Multinational corporations are called multinational for a reason. They will invest wherever they can make the most money.