The tax rate of 35 percent is impossible to provide an incentive to the large corporations, that have $1.7 trillion offshore, to put their money back in the United States.

The United States already has the highest corporate tax rate in the world.

The United States tax system today is very prejudiced towards financialization, leverage, and lack of investment.

Each and every year, the United States loses an estimated $100 billion a year in tax revenues due to offshore tax abuses by the wealthy and large corporations.

We must have a fair tax in the United States. We have to re-adjust it, we must be fiscally responsible.

It will cannibalize, but the difference is you have a 50 percent tax rate and you have a slot parlor as opposed to a much lower tax rate in New Jersey and a full-blown casino resort. The level of amenities is going to be much less (in Pennsylvania).