Tax Coalition Urges President Obama to Embrace Comprehensive Reform

 

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 the American public is convinced – that the federal Tax Code is broken. Repairing it will require a comprehensive approach. The system should be simplified. The tax base should be broadened. And tax rates should be lowered for corporations and for businesses that pay taxes through the individual rate system.

The current Code is not only complicated. It’s also unfair. Gaping disparities exist between industries in the amount of taxes businesses pay – their effective tax rates. That’s why the Coalition for Fair Effective Tax Rates strongly believes that tax reform should be viewed through the lens of effective tax rates. Successful reform should be measured by our ability to reduce these discrepancies and create a more level playing field for all businesses of all sizes across all sectors.

Our Coalition is a diverse group of national, regional and state associations representing more than 1,500,000 businesses, both large and small, which advocates tax reform. We believe that reform should be viewed through the lens of effective tax rates.

We look forward to working with you and the tax-writing committees in Congress to approve comprehensive and revenue-neutral tax reform in 2015.

Sincerely,

Management Committee of the Coalition for Fair Effective Tax Rates:

Associated Builders and Contractors

Associated General Contractors of America

International Foodservice Distributors Association

International Franchise Association

National Association of Wholesaler-Distributors

National Federation of Independent Business (co-chair)

Retail Industry Leaders Association (co-chair)

S Corporation Association

Small Business and Entrepreneurship Council