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
Dec. 31, 2015
By Colin Hanna
The House Ways and Means Committee has just completed an unexpected transition in its leadership from Paul Ryan to new chairman Kevin Brady, a Republican from The Woodlands – a transition that bodes well for the prospect of serious tax reform. Brady recently released his vision for the committee, which focuses on pro-growth policies. One of those important pro-growth policies is tax reform.
Brady said, “America needs a simpler, fairer, flatter tax code that’s built for growth – the growth of our family’s paychecks, the growth of our local businesses, and the economic…> Read more
WASHINGTON, D.C., April 15, 2015 –The below letter was sent today, on tax day, to Chairman Orrin Hatch of the Senate Finance Committee and Chairman Paul Ryan of the House Ways and Means Committee by the Coalition for Fair Effective Tax Rates.
April 15, 2015
The Honorable Orrin Hatch The Honorable Paul Ryan
Chairman, Committee on Finance Chairman, Committee on Ways & Means
United States Senate U.S. House of Representatives
Washington, DC 20510 Washington, DC 20515
Dear Chairman Hatch and Chairman Ryan:
We were disappointed and very surprised to learn from press reports on Monday about a letter received later in the day by individual members of…> Read more
For Immediate Release:
WASHINGTON, D.C., March 9, 2015 – The below letter was sent today to the Chairmen of the Senate Finance Committee’s individual income tax and business income tax working groups The letter urges them to draft and pass comprehensive revenue-neutral tax reform this year.
March 9, 2015
Dear Sens. Thune, Cardin, Grassley, Enzi and Stabenow:
The Coalition for Fair Effective Tax Rates is eager to work with you on tax reform. As your working groups begin meeting to discuss potential legislation, we urge you to place comprehensive, revenue-neutral tax reform among your top priorities. America needs to fix its…> Read more
WASHINGTON, D.C., January 15, 2015 – The below letter was sent today to Chairman Orrin Hatch of the Senate Finance Committee and Chairman Paul Ryan of the House Ways and Means Committee by the Coalition for Fair Effective Tax Rates. The letter urges the Congress’ top tax writers to draft and pass comprehensive revenue-neutral tax reform this year.
January 15, 2015
Dear Sen. Hatch and Rep. Ryan:
Congratulations to you both on your appointments to head Congress’ tax-writing committees. We at the Coalition for Fair Effective Tax Rates pledge to work with you whenever we can. In particular, we urge you to…> Read more
WASHINGTON, D.C., January 15, 2015 – The below letter was sent today to the White House by the Coalition for Fair Effective Tax Rates. The letter urges President Obama to include comprehensive revenue-neutral tax reform as a top priority in his State of the Union Address on January 20.
January 15, 2015
Dear Mr. President:
For your State of the Union address next week, we urge you to make comprehensive, revenue-neutral tax reform one of your top priorities this year. The U.S. needs to overhaul its convoluted tax code to grow the economy and create American jobs.
We believe – and…> Read more
WASHINGTON, D.C., May 27, 2014 –The below letter was sent today, to Chairman Wyden of the Senate Finance Committee
May 27, 2014
Dear Chairman Wyden,
The Coalition for Fair Effective Tax Rates congratulates you on your chairmanship of the Senate Finance Committee and offers our assistance in your fight for comprehensive tax reform.
Our coalition is comprised of all types and sizes of businesses – large and small, corporations and businesses that pay taxes through the individual rate system. More than 1,500,000 businesses are members through their trade associations.
Our mission is one that we now know you share: The need to overhaul the broken income…> Read more
WASHINGTON, D.C., March 14, 2014 –The below letter was sent today to members of the House Ways and Means Committee. The letter expressed appreciation for Chairman Dave Camp’s efforts on tax reform and also expressed concerns that his discussion draft does not adequately address the disparities in effective tax rates paid by all types of businesses.
March 14, 2014
Dear Ways and Means Committee Member:
The Coalition for Fair Effective Tax Rates agrees with Chairman Dave Camp that the federal tax code is broken and that comprehensive, revenue-neutral tax reform is needed, and we appreciate Chairman Camp starting the critical conversation about tax reform…> Read more