A Republican senator on Monday proposed eliminating corporate taxes to protect U.S. workers from offshoring, as an alternative to the House GOP plan to border-adjust taxes.

Mike Lee of Utah, writing in the publication the Federalist, suggested lowering the U.S. statutory corporate tax rate to zero while hiking the tax on dividends to 39.6 percent, in order to shift the burden of corporate taxation from workers to investors.

Recommended Stories

Bibi on the brink: Does Netanyahu still have time to finish the job in Iran?

National election integrity is not enough: We need a state-by-state framework

Joe Concha predicts Brewers win weeks before first game