The Coalition for Fair Effective Tax Rates applauds President Trump for proposing a serious set of principles for tax reform. We hope and expect that these principles will spur Congress to act on this important initiative. As discussions move ahead and the policy evolves, we encourage the President and lawmakers to view reform through the lens of effective tax rates, the amount businesses actually pay in taxes. It is unfair for some industries to pay high effective rates of taxes while others pay little. In addition, we agree with the President that reform should treat businesses equally whether they…> Read more
BY MARK ALLEN
Republican lawmakers and the Trump administration are determined to forge ahead with tax reform. That’s a good idea. The federal income tax is a jumble that benefits some industries and individuals more than others even when they earn the same amount of money.
The challenge of reform is that it has so many moving parts. To rectify the system’s many inequities, GOP tax writers in Congress and the Treasury Department have embraced a classic solution. They would reduce tax rates and pay for the change by eliminating tax preferences. The combination would be designed to add to zero,…> Read more
The Coalition for Fair Effective Tax Rates congratulates President-elect Trump on his victory. We look forward to working with him and his team. We urge the president-elect to continue to support cuts in business tax rates. We also urge him to propose income tax changes that would reduce the effective tax rate, the amount that businesses actually pay in taxes, so we can invest in new opportunities for American workers.> Read more
WASHINGTON, June 28, 2016 –The following is a statement by the Coalition for Fair Effective Tax Rates about the proposal from the House Republican Task Force on Tax Reform:
The Coalition for Fair Effective Tax Rates, comprised of businesses of all sizes, commends House Ways and Means Committee Chairman Kevin Brady (R-Texas) and the rest of the House GOP Task Force on Tax Reform for devising a comprehensive proposal that reduces tax rates for both corporations and businesses that pay taxes on the individual rate system.
The coalition, and its individual members, will analyze/review the proposal in its entirety and looks…> Read more
FIRST LOOK: Speaking of which, it’s about that time for outside groups to start sending letters with their own requests for the tax reform task force. The Coalition for Fair Effective Tax Rates, with members like the Retail Industry Leaders Association and the National Association of Wholesaler-Distributors, wants to make sure its central goal isn’t ignored. “True reform should be gauged by lawmakers’ ability to reduce discrepancies between industries in the amounts they actually pay in taxes,” the group wrote to House members. “Lawmakers should work to create a more level playing field for businesses of all sizes across…> Read more
Tax Coalition Urges House Tax Reform Working Group to Endorse Comprehensive Reform for Big & Small Businesses
For Immediate Release:
WASHINGTON, D.C., June 9, 2016 – The below letter was sent to the House Tax Reform Working Group urging it to embrace comprehensive tax reform and judge reform through the lens of effective tax rates.
June 8, 2016
Dear Members of the House Tax Reform Working Group:
The Coalition for Fair Effective Tax Rates commends your review of the imbalances in the current U.S. tax code. We believe your analysis is a vital step in the much-needed process of reforming the federal income tax code. We are eager to work with you to achieve this important goal and urge you…> Read more
Tax Coalition Urges House Ways and Means Tax Policy Subcommittee to Embrace Comprehensive Reform
For Immediate Release:
WASHINGTON, D.C., May 24, 2016 – The below letter was sent to the members of the House Ways and Means Tax Policy Subcommittee urging them to pass comprehensive tax reform.
May 24, 2016
Dear Members of the House Ways and Means Tax Policy Subcommittee:
The Coalition for Fair Effective Tax Rates congratulates you for holding this week’s hearing about Perspectives on the Need for Tax Reform. We are eager to work with you to overhaul the U.S. Tax Code. As you collect views on this important topic,…> Read more
The table below shows the amount industries actually paid in federal corporate taxes from 2007 to 2010. The average federal tax rate for U.S. corporations was 23 percent. But there was significant variation by industry — from a low of a 14.5 percent for utilities to a high 30.3 percent for construction.> Read more
April 12, 2016
By John Harwood
Kevin Brady, a congenial Republican from suburban Houston, wanted to take over the powerful House Ways and Means Committee after previous chairman Dave Camp retired in 2014. But he lost out to the fastest-rising Republican star of all — 2012 vice presidential nominee Paul Ryan.
Then political lightning struck. House Speaker John Boehner, frustrated by his fractious Republican caucus, decided to quit Congress last fall. Colleagues implored Ryan to take the speakership. Though he’d been eager to tackle the issue of tax reform under the committee’s jurisdiction, Ryan reluctantly agreed.
That cleared the way for Brady…> Read more
April 13, 2016
By Alana Wise
At least two-thirds of all active U.S. corporations paid nothing in federal income taxes during the 2006-12 period, despite an income-dependent statutory tax rate of 15 percent to 35 percent, the Government Accountability Office said in a recent report.
Among large, profitable entities, 19.5 percent paid nothing in federal income taxes in 2012, said the report, which came at the…> Read more