Why Tax Reform

Myths vs. Facts

MYTH: Corporate profits are at record highs, while corporate taxes are at record lows. MYTH: Many of the biggest corporations pay no corporate income tax at all. MYTH: A territorial tax system will lead to American jobs being sent overseas and allow big companies to avoid paying taxes. MYTH: Corporate tax reform should raise more revenue. MYTH: Businesses go abroad to avoid […]

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Pro-Growth Tax Reform

ACT is committed to working with Congress and the Administration on bipartisan comprehensive tax reform that spurs job creation and provides a level playing field for American businesses and workers to compete in today’s global economy. Comprehensive pro-growth tax reform will unleash the power and dynamism of America’s economy to give American workers and American […]

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Tax Reform Studies

Below is a selection of studies from a variety of economists, analysts and tax experts that explain why tax reform would encourage economic growth, spur economic growth and level the playing field for American businesses to compete in the global economy. Tax Reform Overview International Comparison of Effective Corporate Tax Rates PwC September 2016 The […]

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Tax Reform in other Countries

Ongoing Tax Rate Reductions in Other Countries Leave the U.S. Lagging Farther Behind In an effort to remain competitive, countries across the world continue lowering their corporate tax rates, while the U.S. remains at a standstill. Recent rate reductions include: Country Former Corporate Tax Rate New Corporate Tax Rate Effective Date Denmark 23.5% 22% 1/1/2016 […]

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Get the Facts

1. American businesses have the highest corporate tax rate in the industrialized world at 39%, including federal and state taxes. 2. America’s tax system hasn’t been reformed since 1986, before widespread use of the Internet and when Top Gun was #1 at the box office. 3. 95% of the world’s consumers are outside of the […]

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What Others Are Saying

“I’m asking Democrats and Republicans to simplify the system. Get rid of the loopholes. Level the playing field. And use the savings to lower the corporate tax rate for the first time in 25 years” President Barack Obama, State of the Union Address, January 2011   “There is still more work to be done to responsibly […]

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Frequently Asked Questions

What is ACT and who is involved in it? ACT is comprised of leading American businesses from a broad range of industries that employ millions of Americans and compete in the global marketplace. ACT members have joined together to work with Congress and the Administration to achieve bipartisan and comprehensive tax reform – for our […]

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