Union Pacific haul a lot of containers and automobiles, and that
commerce is eased by the North American Free Trade Agreement.
“I think that the impact of the U.S. pulling out of NAFTA would be disastrous,” [Union Pacific] Chief Executive Officer Lance Fritz told Reuters. ”The conversation we need to be having is how do we enhance the NAFTA trading bloc’s capability of competing globally and specifically America’s ability to compete globally.
“We are in a death match for jobs and growth against lots and lots of competitors around the globe, and we are positioned to win,” he added.
Mr Fritz is willing to deal with Our President on corporate taxation, however.
“What we really care about is the growth impact that a sensible corporate tax structure would have on the United States,” he said. “That is very meaningful to us as a company as we compete for shipping that business.”
Union Pacific’s CEO said the railroad would like to see corporate tax rates decline, but wants meaningful, long-term reform instead of a quick fix.
“Don’t make it something that can expire in five years or 10 years,” he said.
Big Boy 4014 is likely to be
back in steam before any relatively permanent change to the tax code is at hand.
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