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June 05. 2013

Wall Street Journal: New Business Group ACT Pushes Tax Overhaul

By John D. McKinnon

A group of 42 U.S. companies is announcing a potentially powerful new coalition on Tuesday to push for a comprehensive tax overhaul. The group – representing a broad cross-section of both multinational and domestic-focused big businesses – could give a boost to the slow-moving effort on Capitol Hill.

The new group, the Alliance for Competitive Taxation (ACT), is promoting a tax overhaul as a way to make the economy grow faster, attract more investment to the U.S., generate jobs and help companies compete against their international rivals. Coalition members are hoping a tax overhaul will prove to be a rare area of agreement for feuding Republicans and Democrats in Washington over the next couple of years.

To read more, click here: http://blogs.wsj.com/washwire/2013/06/04/new-business-group-act-pushes-tax-overhaul/