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RATE Statement on the Senate Finance Committee Tax Reform Draft

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 the Senate Finance Committee tax reform draft.

“Today’s proposal is a first step and the result of hard work by members of both parties and the leadership of Chairman Baucus. While still reviewing the proposal, we welcome a process that leads towards accomplishing comprehensive tax reform that will encourage economic growth and create jobs for American workers.

“We will continue to work with the Senate Finance Committee and House Committee on Ways and Means on comprehensive tax reform that simplifies the tax code and lowers the corporate tax rate to an internationally competitive level and puts Americans back to work.”

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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