This Tax Foundation video looks at how the United States' "effective corporate tax rates," the rate companies actually pay, stack up with the rest of the world.

Tax Foundation president Scott Hodge explains, "The impression that a large number of U.S. companies are using loopholes and creative accounting to get out of paying taxes could not be more wrong. American corporations are consistently paying at the highest levels in the world, and that burden impacts their ability to compete both at home and abroad."

This reaffirms the need for comprehensive, pro-growth tax reform that will make the United States more competitive globally.