The Reforming America’s Taxes Equitably (RATE) Coalition – whose affiliated companies represent over 30 million employees in all 50 states – released the following statement on the Senate’s passage of the Tax Cuts and Jobs Act:
“We applaud the Senate for seizing this once-in-a-generation opportunity to fix America’s broken tax system – one that punishes job-creating businesses with the highest corporate tax rate in the industrialized world. If enacted, the Tax Cuts and Jobs Act would live up to its name by yielding more jobs and greater investment. As projected by the nonpartisan Tax Foundation, the White House Council of Economic Advisers, and most recently, more than 100 economists from across the country, the TCJA is the key capable of unlocking the enormous economic growth well within our reach. Thanks to the historic resolve displayed by Congress, the American people are now one critical step closer to it.
“While it is important to recognize the significance of this legislative achievement, we must also stay focused on a fight that is not yet finished. As the two chambers now prepare to reconcile the two packages, the House and Senate must work together to send a bill to President Trump’s desk with the degree of swiftness American workers deserve.”