Mr. Speaker, today I rise on behalf of my constituent, Ed Rapp, from Peoria, Illinois. Mr. Rapp recently retired as a top executive and group president from Caterpillar Inc. after thirty-six years of tremendous and admirable service to the…
Mr. Speaker, today I rise on behalf of my constituent, Ed Rapp, from Peoria, Illinois. Mr. Rapp recently retired as a top executive and group president from Caterpillar Inc. after thirty-six years of tremendous and admirable service to the company and the Peoria community. He was recently diagnosed with Lou Gehrig's disease and turned his focus to raising awareness and supporting those in search of a cure. The following is an open letter Mr. Rapp penned to his grandson:
An Apology to My Grandson Cole
On the heels of a frustrating election, the combination of
reading ``Hamilton'' and seeing the Chicago Cubs win the
World Series, I'm compelled to put my thoughts down in
writing taking the form of an apology to my grandson, and the
next generation of Americans. ``Hamilton'' reminded me of the
combination of leadership and compromise demonstrated by our
Founding Fathers. And the Cubs showed us that, against the
odds of history, if you improve competitiveness, you can
compete and win. (And let the record show that I--a die-hard
St. Louis Cardinals fan--can appreciate that feat!)
Fortunately, what was the most disappointing election
process in my history is behind us. My words are not aimed at
one party or the other as I am equally frustrated by both
sides. Our leaders spend too much time trying to defeat the
opposing party instead of focusing on how to make sure that
America competes and wins.
At 59 years old, my generation inherited the most
competitive country in the world, and that competitiveness
led to the highest standard of living in the world. We seem
to have overlooked the direct correlation between a country's
competitiveness and the standard of living of its citizens.
The Cubs championship team stands as a first class example
of how changing the way you compete can change your results.
If you want to improve your competitiveness, you adapt. New
leadership made great draft choices that complemented wily
veterans, ending more than a century of losing.
The same opportunities are afforded to this great nation
(yes, it should be noted I remain optimistic about this
country's future). However, what lies ahead won't be easy. It
will require strong leaders like Hamilton, compromise by both
parties and an understanding that it is all about
competitiveness.
Like it or not, our infrastructure is in a state of
disrepair and we have not addressed its long term funding in
more than 20 years. The build-out of our US highway system in
the 1960s ignited one of the greatest economic booms in
history. But we haven't re-invested. The road to progress
still begins with a road, period.
We have gone from having one of the most competitive
corporate tax rates in 1986 to being the laggard amongst OECD
countries. While the rest of the world has gone to a
territorial system, we are still living in the past with our
worldwide system. With a corporate tax rate 56 percent higher
than the average of other OECD countries, is it any wonder
companies want to locate in other parts of the world?
We also seem to have forgotten that our country was built
by immigrants. We must remain a nation where the world's best
and brightest come to innovate and create new businesses. We
can't continue to provide world-class college education to
young minds from around the world, and then tell them to pack
their bags.
The political debate criticized global trade. Have we
forgotten the U.S. is only five percent of the world's
population and, for decades, led by example on free trade,
which improves the standard of living of Americans and our
trading partners? We need to move forward and trade is
fundamental to growth. If countries turn nationalistic, we
won't like the long term outcome (Brexit and backing out of
the Trans Pacific Partnership really concern me).
I would offer my generation has made no meaningful progress
on some of the core elements of competitiveness in decades
(no major corporate tax or immigration reform since mid-
1980s, no change on infrastructure funding since 1993, no
major global trade deal since 1994) and, as illustrated
above, the cost will be significant: a lower standard of
living for the next generation. For this, I say to my
grandson, I am sorry.
But, as emphasized up front, I remain optimistic. I really
do hope and pray for the next generation that Congress and
the President work together to take on the challenges at
hand. Be brave and compromise like Alexander Hamilton.
Improve competitiveness like the Cubs. And, as we go about
``Making America Great Again,'' let's just remember what made
her great in the first place.