Last week, House, Senate, and White House leaders announced that they are united on a path forward to reform our broken tax code and cut taxes for hardworking Americans. In the wake of this announcement, leading conservative and business organizations voiced support for Republicans' "bold plan" to implement a more simple and competitive tax code.
American Made Coalition:“Today’s announcement confirms that the administration and congressional leaders have unified around a shared vision for comprehensive tax reform that will generate sustained economic growth. From the beginning, we have pushed for significantly lower corporate tax rates, permanent reforms that give businesses the certainty they need to invest in the U.S., and a territorial tax system that levels the playing field for American companies competing abroad. We applaud the negotiators for including all three principles in the framework they outlined today.”
Club for Growth:“We look forward to working with congressional leaders and the White House to push for pro-growth tax reform. The Club strongly supports lower tax rates for individuals and businesses, lower taxes on capital, and a simplified tax code that supercharges the economy.”
Heritage Action:“Heritage Action applauds President Trump and congressional leaders for uniting behind a coherent set of principles that, if translated into policy, would unleash economic growth, create jobs and increase wages.”
FreedomWorks:“It’s time to get our economy growing again. We need tax reform that fundamentally overhauls, not just tweaks, our current tax code. . . . FreedomWorks and our activist community have waited a long time for this moment, and we’re ready to get started to make tax reform a reality.”
Americans for Tax Reform:“The joint White House, Senate, and House statement proves that tax reform is on schedule for 2017. . . . This bold plan is the key to unlocking at least three percent economic growth, creating millions more jobs, and giving American families lower taxes and more take-home pay.”
American Conservative Union: "The release of a joint statement from the White House and Congressional Leadership shows that progress is being made and ACU is pleased to see that the drive for tax reform is alive and well. House and Senate leaders and Committee Chairmen are continuing to put together a comprehensive package to reform the tax code and deliver positive change for our economy."
Americans for Prosperity:“Unrigging the economy without new burdens on regular Americans is a once-in-a-generation opportunity. It will improve lives, put more disposable income back in Americans’ pockets, and level the playing field so that each of us have fair treatment under the tax code. We will continue working with lawmakers and the White House to advance our positive vision for a tax code built on principles of simplicity, equitability, efficiency and predictability–without creating new taxes. We look forward to coming together to deliver on this great promise.”
National Taxpayers Union: "Congressional and White House leaders have taken one important step forward together on the path toward completing a comprehensive overhaul of the tax system by later this year. More steps are ahead. . . . We are grateful to Speaker Ryan, Leader McConnell, Secretary Mnuchin, Director Cohn, Chairman Hatch, and Chairman Brady for recognizing this urgency."
Faith and Freedom Coalition: "The time has come for a major overhaul of the U.S. tax code that provides tax relief for American families and business. President Trump, Speaker Ryan, Leader McConnell and other leaders in Congress and this administration are working hard to simplify our tax code and provide real relief for families and businesses. These refroms will unleash the full power of the American economy to create jobs, and allow parents to better provide for their families."
Chamber of Commerce: “Today’s announcement, and the unity of vision shown in it, bolsters our confidence that tax reform can be enacted this year. The engagement and enthusiasm for pro-growth tax reform from Trump administration officials and Congressional lawmakers is what will propel this over the finish line for American businesses, workers, and families. The U.S. Chamber applauds the work that has been done to narrow the differences and we look forward to continuing to engage policy makers on this critical issue."
Citizens Against Government Waste: “CAGW is fully supportive of the principles of pro-growth tax reform outlined in the joint statement from House Speaker Paul Ryan (R-Wis.), Senate Majority Leader Mitch McConnell (R-Ky.), Treasury Secretary Steven Mnuchin, National Economic Council Director Gary Cohn, Senate Finance Committee Chairman Orrin Hatch (R-Utah), and House Ways and Means Committee Chairman Kevin Brady (R-Texas). . . . CAGW looks forward to working with the tax-writing committees in the House and Senate to provide the lowest possible rates for individuals and businesses in the legislation."
Business Roundtable:“Today’s announcement represents an important development toward passage of tax reform. For the first time, we are seeing joint efforts and agreement among the Administration and House and Senate Republican leadership about the direction that tax reform must take. Importantly, the release lays out a time frame and process to advance historic tax reform this fall.”
RATE Coalition:“We are ready to partner with both the Executive and Legislative branches to fix America’s tax code. And, we must act with urgency now to fix the rate and make real reform a reality. Today’s announcement is a critical step to ignite economic growth and jumpstart job creation for the next generation of business leaders and entrepreneurs.”
Financial Services Roundtable:“Today’s announcement reflects Republican leaders have a unified purpose. They agree on key principles necessary to enact tax reform that will help jumpstart economic growth and create jobs for the American people. FSR looks forward to being a constructive partner as this process moves forward this fall.”
SBE Council: "There is energy and momentum behind tax reform, and our organization and its small business members are confident that through the leadership of House Speaker Paul Ryan, Senate Majority Leader Mitch McConnell, Treasury Secretary Steven Mnuchin, National Economic Council Director Gary Cohn, Senate Finance Committee Chairman Orrin Hatch, and House Ways and Means Committee Chairman Kevin Brady that our nation will soon have a tax system that is fair, more simple and pro-growth."
National Association of Wholesaler-Distributors:“This sets the stage for the process to promptly go forward with the tax-writing committees having a common framework of reference as they undertake their deliberations. This is a major step forward.”
Coalition for Fair Effective Tax Rates: “The Coalition for Fair Effective Tax Rates commends Republican leaders of Congress and the Trump administration for producing a set of principles for tax reform. We hope these concepts will soon be developed into comprehensive tax reform legislation that creates a more level playing field for businesses of all sizes across all industry sectors."
American Petroleum Institute:“API supports pro-growth tax reform and the combined commitment shown today by the White House and Congressional leaders will help us achieve this important goal. Tax reform focused on economic development can benefit American consumers, businesses and the economy. We will continue to work with leaders in the House, Senate, and administration on pro-growth policies that will help strengthen the U.S. energy renaissance.”
Information Technology Industry Council: “For tech, tax reform ‘done right’ can’t come soon enough. To have Congress and the White House unified like this means that not only is the band getting together, they’re singing the same tune. . . . With congressional committees being given the green light, we look forward to reviewing the details of their proposals this fall and working with lawmakers to modernize our tax code so that it unleashes future U.S. innovation.”
R Street Institute:“R Street is committed to the cause of tax reform and looks forward to working with members of Congress and the administration as they consider alternative ways to simplify the code, broaden the base and pursue pro-growth policies for all Americans.”
SIFMA: "SIMFA members are strongly in favor of federal tax reform, and we're encouraged that Congress and the White House have today announced a serious plan to move the process forward. Modernizing the Internal Revenue Code is critical to all Americans and has the potential to unleash unprecedented economic growth."
Retail Industry Leaders Association: “As the nation’s largest private-sector employer, retailers are ready to work with lawmakers to pass tax reform that lowers corporate rates, scrutinizes deductions, keeps America competitive globally, and creates a level playing field here at home. There is no better time and no greater need for tax reform to keep America competitive with the rest of the world."
American Farm Bureau Federation: “America’s farmers and ranchers are encouraged to see that key congressional leaders and the administration understand how important tax reform is to all Americans. Fixing our tax system now is crucial to creating economic opportunities for farmers, ranchers and other family-owned businesses.”
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