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RATE Statement on the Coalition for Fair Effective Tax Rates

WASHINGTON, D.C. – RATE Coalition Co-Chairs Elaine Kamarck, former White House adviser to President Bill Clinton and Vice President Al Gore, and James P. Pinkerton, former White House domestic policy adviser to Presidents Ronald Reagan and George H.W. Bush, made the following statement on today’s formation of the Coalition for Fair Effective Tax Rates (CFETR).

“The RATE Coalition supports progress towards the comprehensive reform of America’s tax code. Outdated and inefficient, the current code is an impediment to economic growth and restricts job creation at a time when the economy is only slowly beginning to move in the right direction. The addition of the CFETR is a welcome voice in the growing call for comprehensive tax reform that will boost the economy and level the playing field at home and abroad. They will play an important role in creating a modern tax code and we welcome their addition to the conversation, which is yet another example of the building momentum toward comprehensive tax reform.”

About RATE Coalition:

RATE is a coalition of 32 companies and organizations advocating for sensible corporate tax reform. Making the tax code fairer and simpler will help spur job growth and stimulate the U.S. economy, and make us more competitive globally. RATE members currently include: AT&T, Altria Client Services Inc., Association of American Railroads, Babcock & Wilcox, Boeing, Brown Forman, Capital One, Cox Enterprises, CVS Caremark, FedEx, Ford, GAP Inc., General Dynamics, Home Depot, Intel, Kimberly-Clark, Liberty Media, Lockheed Martin, Macy’s, National Retail Federation, Nike, Northrup Grumman, Raytheon, Reynolds American, Southern Company Time Warner Cable, T-Mobile, UPS, Verizon, Viacom, Walt Disney and Walmart. RATE members and affiliated companies represent over 30 million employees in all 50 states and support innumerable numbers of suppliers and small businesses.  More information about the coalition is available at www.RATEcoalition.com.

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