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January 26. 2017

Coalition of Leading American Businesses Expresses Support for House Republican Tax Reform Blueprint

WASHINGTON – The Alliance for Competitive Taxation (ACT), a coalition of leading American businesses that employ millions of American workers, issued the statement below regarding business tax reform:

“As the Trump Administration and Congress seek to enact policies to drive economic growth and job creation, we are encouraged that creating a pro-growth tax code for the 21st century is at the top of their list.

“House Republicans have taken the important first step towards achieving meaningful business tax reform by releasing a bold and thoughtful framework for reform. The ‘Better Way for Tax Reform’ blueprint includes many of the policies that our businesses support, including setting a competitive corporate tax rate at 20 percent, establishing a modern international tax system, promoting investment and job creation in the U.S., and providing a level playing field for U.S. and foreign companies competing to sell their goods and services at home and abroad.

“For these reasons, we support the House Republican Blueprint as a framework for forward-thinking business tax reform to boost our economy, foster investment in the U.S. and create good-paying American jobs.

“As a blueprint for tax reform, we recognize that there are many important details that still must be worked out. We are committed to working with the Administration and leaders in Congress to enact legislation, built upon this blueprint, that will provide a smooth transition to a competitive, pro-growth tax system that makes the U.S. an attractive location for investment, innovation and expanding employment.”

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About ACT
ACT is comprised of leading American businesses that employ millions of American workers from a diverse range of industries, including technology, manufacturing, and services. ACT members support comprehensive tax reform that provides a competitive corporate tax rate and modern international tax system that aligns the United States with the rest of the world. We believe tax reform should simplify the tax code, promote economic growth, and should be revenue neutral. For more information about ACT, visit www.ACTonTaxReform.com.