Tax Facts

December 01. 2017

ACT Tax Facts: A 20% U.S. Corporate Tax Rate is Vital to Global Competitiveness

Some have suggested a 22 percent corporate tax rate would allow the United States to compete for corporate headquarters, investment, and jobs in today’s global economy because it is below the 23.8 percent average corporate tax rate of other OECD countries. This comparison ignores the fact that, in addition to the taxes they pay the […]

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November 17. 2017

Alliance for Competitive Taxation Commends Senate Finance Committee for Advancing Tax Reform

WASHINGTON – The Alliance for Competitive Taxation (ACT), a coalition of leading American businesses that employ millions of American workers, issued the following statement on Senate Committee on Finance passage of the Tax Cuts and Jobs Act: “Yesterday, the Senate took a significant step towards enacting pro-growth corporate tax reform by passing the Tax Cuts […]

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November 16. 2017

Alliance for Competitive Taxation Commends Today’s House Passage of the Tax Cuts and Jobs Act 

WASHINGTON – The Alliance for Competitive Taxation (ACT), a coalition of leading American businesses that employ millions of American workers, issued the following statement today after the U.S. House of Representatives passed H.R. 1, The Tax Cuts and Jobs Act: “Passage of the Tax Cuts and Jobs Act by the U.S. House of Representatives is […]

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November 10. 2017

Alliance for Competitive Taxation Commends Today’s Progress Towards Enacting Pro-Growth Tax Reform

WASHINGTON – The Alliance for Competitive Taxation (ACT), a coalition of leading American businesses that employ millions of American workers, issued the following statement today regarding the progress made yesterday on tax reform: “The House and Senate actions take us one step closer to enacting tax reform to make American businesses competitive and create opportunities […]

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November 02. 2017

Alliance for Competitive Taxation Commends Chairman Brady for Taking Critical First Step Towards Pro-Growth Tax Reform

WASHINGTON – The Alliance for Competitive Taxation (ACT), a coalition of leading American businesses that employ millions of American workers, issued the following statement today regarding the introduction of a new tax reform bill in the U.S. House of Representatives: “The release of H.R. 1 is an important first step towards pro-growth tax reform that […]

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October 24. 2017

ACT Tax Facts: Interest Deductions and Tax Reform

The Administration and Congressional Leaders have emphasized that achieving a higher rate of U.S. economic growth is of paramount importance for tax reform. The potential for higher economic growth will be realized if the United States becomes a more attractive location for investment, and this will require reforming our corporate tax rules that are now […]

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October 23. 2017

ACT, JCN, RATE Coalition Send Joint Letter Urging House to Adopt Senate’s Budget

In advance of the 31-year anniversary of the last time Washington provided meaningful tax reform for the American people, the Alliance for Competitive Taxation (ACT), Job Creators Network (JCN), and Reforming America’s Taxes Equitably (RATE) Coalition sent a letter to members of the House of Representatives urging the swift adoption of the FY 2018 Budget […]

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September 27. 2017

Alliance for Competitive Taxation Commends the Administration and Congressional Republican Leadership on the Tax Reform Framework

WASHINGTON – The Alliance for Competitive Taxation (ACT), a coalition of leading American businesses that employ millions of American workers, issued the following statement in response to the tax reform framework released today by the Administration and Congressional Republican leadership: “The framework released today marks an important step toward modernizing our outdated tax code. We […]

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September 11. 2017

ICYMI – Wall Street Journal [Opinion]: Why Corporate Tax Reform Is a Bipartisan Cause

By Laura Tyson Sept. 6, 2017 Corporate tax reform is one of the few issues that attract bipartisan support in Washington. Lawmakers from both sides agree that the current system is deeply flawed. Because the U.S. hasn’t updated its tax code in 31 years, Congress has a once-in-a-generation opportunity to level the playing field for […]

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August 28. 2017

ICYMI – Wall Street Journal: Large Companies Oppose Idea for Taxing Foreign Profits

By Richard Rubin Aug. 27, 2017 WASHINGTON—Congressional Republicans are trying to write new rules for taxing foreign profits of U.S. corporations, and a group of large, influential companies is warning against one prominent option. Under current law, companies owe the full 35% corporate-tax rate on their world-wide earnings and have to pay it on any […]

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