The Reforming America’s Taxes Equitably (RATE) Coalition – whose affiliated companies represent over 30 million employees in all 50 states – released the following statement after President Trump signed the Tax Cuts and Jobs Act into law:
“From the very outset of this historic push, we strove to work as hard as the tens of millions of employees we represent. The American workforce – who ultimately bear the burden of a deeply broken system – deserve a tax code that reflects, not restricts, their competitive spirit. In 2011, a coalition of counterparts and competitors representing businesses known by name on both Main Street and Wall Street came together to advance one shared mission: ‘To reform the tax code, making it fairer and simpler and improving the prospects of growth and jobs in the U.S. economy by reducing the corporate income tax rate to make it more competitive with our nation’s major trading partners.’
“Six years later, the RATE Coalition is proud to have played our part in the passage of landmark legislation to achieve that mission. While America’s tax code was antiquated, our strategy for reforming it was cutting edge. We ran an aggressive advocacy campaign to educate voters and mobilize supporters of tax reform. Over the course of the past three months alone, RATE delivered 110 million ad impressions in key states and over 240,000 contacts to Congress through phone, email, and social media.
“After more than three decades, this moment is now a milestone. Reducing America’s corporate tax rate from the highest in the industrialized world to a globally competitive level will restore our country’s edge. We once more applaud the dogged determination of President Trump, officials in his Administration, and leaders in the Congress responsible for accomplishing that bipartisan goal.”