RATE (Reforming America’s Taxes Equitably) is a coalition of businesses, associations, and other like-minded groups that first joined together in 2011 to advocate for sound and equitable reforms to a broken tax code. The RATE Coalition is proud to have played our part in the passage of the Tax Cuts and Jobs Act – landmark legislation which restored the competitiveness of the United States as a place to invest and grow, boost job creation and economic growth.
After more than three decades of watching countries around the world race to reform their business tax systems, America finally has a new code that reflects, not restricts, the competitive spirit of its workforce. And, after the mere months since it was enacted into law, the Tax Cuts and Jobs Act is working in communities across the country. Nearly 550 American employers have already passed tax reform savings along to 5.5 million American workers – and countless American consumers – through wage hikes, bonuses, 401(k) match increases, and utility rate cuts. Meanwhile, job openings, small business optimism, economic confidence, and housing confidence are at or near record highs while the unemployment rate, jobless claims, and layoffs are at or near record lows.
The RATE Coalition strives to work as hard as the employees we represent: over 30 million Americans in all 50 states – as well as the innumerable number of suppliers and small businesses our members and affiliated companies support.
While paychecks are growing and utility bills are shrinking as a direct result of the corporate tax rate established by the Tax Cuts and Jobs Act, plans have already been proposed in Washington, DC to repeal our country’s newly restored competitive edge. The RATE Coalition stands ready to refocus our efforts to ensure that the American people – who ultimately bore the burden of what was previously the highest corporate tax rate in the industrialized world – will not be deprived of their meaningful tax reform wins.
We believe that our country’s lower corporate tax rate is empowering U.S. businesses of all sizes to better compete in today’s globalized marketplace.
We believe that our country’s lower corporate tax rate is benefitting domestic and multinational companies, small businesses, American workers, and American consumers.
We believe that our country’s lower corporate tax rate is increasing incentives to invest in the U.S. and resulting in greater economic growth.
We believe our country’s lower corporate tax rate is helping repatriate job-creating capital and redomicile companies chased out of America by our old code.
RATE is a coalition of companies and organizations advocating for America’s new fairer, simpler tax code, which is helping spur job growth and stimulate the U.S. economy. RATE members currently include: Aetna, Inc., Altria Client Services Inc., Association of American Railroads, AT&T, The Boeing Company, Brown-Forman, Cox Enterprises, CVS Health, Edison Electric Institute, FedEx, Ford, General Dynamics, Kimberly-Clark, Liberty, Media, Lockheed Martin, Macy’s, McGraw Hill Financial, National Retail Federation, Nike, Northrop Grumman, RAI Services Company, Raytheon, Southern Company, Time Warner Cable, T-Mobile, UPS, Verizon, Viacom, Walmart, and Walt Disney.
Reforming America’s Taxes Equitably is a 501(c)(4) non-profit organization. Contributions are not tax deductible as charitable contributions, or as section 162 trade or business expenses.