The Coalition for Fair Effective Tax Rates released the following statement in response to President Obama’s speech in Tennessee regarding corporate tax reform on Tuesday, July 30:
“The federal tax code is broken and fixing it requires a complete overhaul of both the corporate and individual side of the code. President Obama’s proposal today focuses on corporate reform and essentially ignores the individual tax system on which families and most businesses pay taxes. Moreover, the President’s proposal further perpetuates the problem in the current code; it continues to favor some industries over others.
Comprehensive tax reform that reduces both corporate and…> Read more
The Coalition for Fair Effective Tax Rates released the following statement about the visit of Sen. Max Baucus and Rep. Dave Camp to Philadelphia-area businesses on July 29:
“Both large and small businesses support comprehensive tax reform and the efforts of Chairman Baucus and Chairman Camp to pass it in Congress. The Coalition for Fair Effective Tax Rates represents small businesses like the two that the lawmakers visited today, and big businesses as well. Together, we back the chairmen in their effort to eliminate tax preferences and reduce both individual and corporate tax rates, as well as simplify the tax…> Read more
The most courageous odd couple in Congress – Sen. Max Baucus (D-Mont.) and Rep. Dave Camp (R-Mich.) – is determined to pass comprehensive tax reform, which would eliminate tax preferences in order to reduce tax rates. The novelty of having two committee chairmen from different parties working toward the same goal makes reform a real possibility. But deciphering who comes out ahead in such a complex equation can be difficult.
That’s why tax reform should be viewed through the lens of effective tax rates, the amount that businesses actually pay. Our new…> Read more
A new group called the Coalition for Fair Effective Tax Rates announced today that it would work to persuade lawmakers, opinion leaders and the public to view tax reform through the lens of effective tax rates, the amount in taxes that businesses actually pay.
The Coalition – collectively representing about 500,000 businesses – is a diverse organization whose members include a wide range of businesses from large corporations paying corporate rates, to small mom-and-pop shops paying individual tax rates. All agree with the tax-writing committee chairmen on Capitol Hill that the federal tax code is broken and comprehensive tax reform…> Read more
Here’s a tax reform idea: Have all businesses pay close to the same percentage of their income in taxes, regardless of whether they’re a huge multinational corporation or a corner gas station.
That’s the principle the Coalition for Fair Effective Tax Rates wants Congress to follow as it overhauls the U.S tax code. So far, 57 national organizations representing 500,000 businesses have joined this coalition.
Fairness when it comes to effective tax rates — the percentage of income that businesses end up paying to the government, after taking various tax breaks — should be…> Read more
RATE Coalition Co-Chairs Elaine Kamarck, former White House adviser to President Bill Clinton and Vice President Al Gore, and James P. Pinkerton, former White House domestic policy adviser to Presidents Ronald Reagan and George H.W. Bush, made the following statement on today’s formation of the Coalition for Fair Effective Tax Rates (CFETR).
“The RATE Coalition supports progress towards the comprehensive reform of America’s tax code. Outdated and inefficient, the current code is an impediment to economic growth and restricts job creation at a time when the economy is only slowly beginning to move in the right direction….> Read more
The National Restaurant Association has joined the Coalition for Fair Effective Tax Rates, a new group that advocates for tax reform through fair, effective tax rates that businesses pay.
“In order to spur job creation and economic growth throughout the economy and the restaurant industry, there needs to be a focus on an equal treatment of businesses under the tax code,” said Scott DeFife, the NRA’s executive vice president of policy and government affairs. “By eliminating unwarranted tax preferences, lawmakers would have the opportunity to lower both corporate and individual tax rates and promote more…> Read more
A new coalition wants Congress to lower effective tax rates for both small and large businesses — a strategy that aims to combine the political clout of two groups that can at times be at odds .
The group, called the Coalition for Fair Effective Tax Rates, is led by Dan Danner, the president of the National Federation of Independent Business, which represents thousands of small businesses, and Bill Hughes, senior vice president of the Retail Industry Leaders Association, whose members include companies like Target Corp. TGT +0.33% and Home Depot Inc….> Read more