The RATE Coalition Today Issued the Following Statement Applauding ‘Big Six’ Unity on Tax Reform:
We applaud the joint statement released today by 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.
We agree that fixing America’s broken tax code is a critical priority for the economic strength of our country. It begins with lowering the corporate tax rate to a globally-competitive level: it is the most important action we can take to grow our economy, create jobs and put more money in the pockets of American families and workers.
We believe that enactment of once-in-a-generation, comprehensive tax reform consistent with the principles detailed today will both spark an economic boom of investment and hiring here at home, and halt the steady erosion of America’s corporate tax base.
Collectively, our 33 members employ over thirty million Americans, or one-third of America’s private-sector workers across all fifty states. 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.