RATE Statement on Senator Brown’s Comments on the Need to Reduce the Corporate Tax Rate
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 Senator Sherrod Brown’s comments today supporting a lower corporate tax rate.
“The RATE Coalition appreciates Senator Brown’s call for a lower corporate tax rate which will make American companies more competitive and would boost investment and growth here at home. The proposal notes that a lower corporate rate would place U.S. companies on a level playing field with international competitors, bringing needed jobs back here to the U.S. Senator Brown is a welcome voice in the growing call for tax reform, and we will look for lawmakers to continue to play an important leadership role in creating a fair and modern tax code.
“The RATE Coalition has long called for comprehensive tax reform that cuts loopholes and uses those expenditures to significantly reduce the corporate tax rate to compete with OECD trading partners. Senator Brown’s proposal is another positive step in that direction.”
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.