Paul Ryan on the Prospects for a Tax Overhaul

In discussions of corporate tax reform in the U.S., international issues loom large. U.S.-based companies are holding hundreds of billions of dollars in profits abroad to avoid paying taxes on that income at home, and some have moved their headquarters overseas to countries with lower corporate tax rates. The result is a smaller tax base in the U.S. and less money available to fuel the nation’s economy.

Paul Ryan, chairman of the House Ways and Means Committee, sat down with The Wall Street Journal’s Kimberley Strassel to discuss the international aspect of tax reform and the prospects for legislative action. Here are edited excerpts.

The full interview is below:

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