Statement on Tax Reform from the Coalition for Fair Effective Tax Rates
“The Coalition for Fair Effective Tax Rates commends Republican leaders in Congress and the Trump administration for producing a bold framework for real tax reform. We believe the plan makes major strides toward accomplishing an important goal: Creating a more level playing field for businesses of all sizes across all industry sectors. Lawmakers should continue the process and draft comprehensive tax reform legislation that treats businesses much more equally than the currently unfair system. Businesses should not be subject to vastly different effective tax rates when they earn roughly the same amount of money. To that end, we urge policymakers to view tax reform through the lens of effective tax rates, the amount businesses actually pay in taxes expressed as a percentage of income.
“We are very eager to see this process go forward quickly and encourage Congress to adopt a budget resolution so that can happen.”