WASHINGTON, D.C. — The RATE Coalition today released the following statement regarding mentions of pro-growth tax policy in President Donald Trump’s State of the Union Address:

“Only two years after the corporate tax rate was lowered to a globally competitive level, businesses are hiring more people, creating new opportunities here in our communities, and increasing paychecks for workers in all of America’s metro areas for the first time in more than 25 years. With a corporate tax rate finally in line with the OECD average, American businesses are no longer at a huge tax rate disadvantage compared to other nations. We applaud the administration for renewing its commitment to pro-growth policies and keeping U.S. tax rates competitive.” 

Benefits of a Globally Competitive Corporate Tax Rate:

  • More than 900 American job creators in all 50 states used their tax cut savings to invest in their workers through higher paychecks, bonuses, expanded retirement and parental leave benefits, tuition assistance, new jobs, and lower utility rates.