American Made Coalition members would be ‘disappointed if Washington squanders once-in-a-generation opportunity by abandoning real reform’
A group of large U.S. companies urged the Senate Finance Committee to push comprehensive tax reform this year instead of enacting a temporary rate cut or other half-measures that fail to fix the broken pieces in our tax reform.
At the same time, a group of large U.S. companies ranging from Boeing to Johnson & Johnson urged the Senate Finance Committee Monday to take up comprehensive tax reform this year.
“Our coalition members would be disappointed if Washington squanders this once-in-a-generation opportunity by abandoning real reform to instead enact a temporary rate cut or some other half-measure that fails to fix what is really broken in our tax code,” the group said in a letter.
Mr. Trump has been calling for tax reform this year, including cuts in corporate and individual tax rates, to boost jobs and wages. But the plan has been stalled as Congress struggles to complete legislation to repeal and replace Obamacare, which the administration views as essential to make room for a comprehensive tax overhaul.
Our current tax code is unfair, punitive and out of control! The enormity and complexity will continue to threaten taxpayers’ freedoms until we take up a new comprehensive tax reform plan this year. Click here to sign the petition that will introduce a tax reform plan that makes the tax code simpler, flatter, and fairer!