WASHINGTON – The U.S. tax code inhibits investment and makes U.S. companies less competitive, Larry Merlo, the president and CEO of CVS Caremark Corp. will tell the Senate Finance Committee today, according to his prepared testimony.
“Without a consequential rate reduction, tax considerations will have to be an even more significant component of our overall investment analysis,” he says in the testimony.
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Also testifying before the panel this morning will be the chief executive officers of Wal-Mart Stores Inc., Kimberly-Clark Corp. and PMC-Sierra Inc.
