RATE Coalition Urges Swift Passage of Budget Resolution to Protect Pro-Growth Tax Policy

WASHINGTON, D.C. –  The RATE Coalition, whose members and affiliates employ more than 55 million American workers in all 50 states, today urged Congress to act quickly to finalize the budget resolution and preserve the competitive corporate tax rate that continues to drive economic growth, investment, and job creation across the country.

In a letter sent to Members of the House of Representatives, the Coalition urged the House to move quickly to advance a budget resolution that sets the stage for urgently needed, pro-growth tax reform. 

“This is a critical step toward maintaining the economic momentum that working families and job creators across the country have come to rely on,” the letter states. “A stable and competitive tax environment, anchored by the 21% corporate rate, has driven real results—higher wages, record-high tax revenues, and stronger job growth.”

The Coalition notes that the lower rate has empowered businesses to reinvest in operations, expand partnerships with small businesses, strengthen domestic supply chains, and provide better wages and benefits. Since the TCJA’s enactment, U.S. growth has outpaced other G7 nations, and corporate tax receipts have exceeded expectations—78% higher than pre-reform levels.

“The House has an opportunity to take another strong step forward,” the letter continues. “We urge lawmakers to move quickly to pass the budget resolution, finalize the details of a pro-growth tax package, and send it to the President’s desk.”

The full letter to Congress can be accessed here.

Background: RATE Coalition members employ more than 55 million Americans working in all 50 states.  Our objective is to maintain America’s globally competitive corporate tax rate and create the best climate for our nation’s economy, job creators and workforce to succeed into the future. Learn more at RATEcoalition.com.

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