RATE Letter to U.S. House Members Urging Swift Approval of the Budget Resolution

Dear Members of the United States House of Representatives:

On behalf of the 55 million Americans employed by our member companies and affiliates across all 50 states, the RATE Coalition writes to urge 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 working families and job creators across the country have come to rely on. A stable and competitive tax environment, anchored by the 21% corporate tax rate established in the Tax Cuts and Jobs Act, has delivered real results: increased investment, stronger job growth, rising wages, and record-high corporate tax revenues. The certainty this rate provides has helped U.S. businesses grow, innovate, and stay competitive in a rapidly evolving global economy.

Our members have seen this firsthand. Since 2017, the lower corporate tax rate has allowed companies to reinvest in their operations, expand small business partnerships, strengthen domestic supply chains, and provide better wages and benefits to their workers. It’s also kept America ahead of its global peers, with U.S. growth outpacing other G7 economies and tax receipts rising well above projections.

Now is not the time to turn back. Increasing the corporate tax rate would undercut this progress, jeopardize jobs, and make it harder for American businesses to compete – especially as other countries continue to lower their own rates. Furthermore, it could reignite the wave of tax inversions that once sent U.S. companies and jobs overseas.

We urge the House and Senate to come together quickly to finalize the resolution and move forward with a tax package that keeps America on a strong, stable path. There is a real opportunity here to provide the long-term certainty our economy needs—and to do right by the workers and families whose livelihoods depend on continued growth and investment.

The RATE Coalition stands ready to work with you to protect the progress we’ve made and to support policies that keep the U.S. the best place in the world to do business and build a future.

Sincerely,

The RATE Coalition