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 forward to working with Chairman Brady and the other tax writers in Congress to pass comprehensive tax reform legislation. In the meantime, we urge lawmakers to view tax reform through the lens of effective tax rates, the amount businesses actual pay in taxes. We believe that a successful tax reform plan reduces the currently wide disparities among industries in effective tax rates. The task force plan is a step in that direction.
Management Committee, Coalition for Fair Effective Tax Rates:
Retail Industry Leaders Association, Chair
Associated Builders & Contractors
Associated General Contractors
International Foodservice Distributors Association
International Franchise Association
National Association of Wholesaler-Distributors
Small Business and Entrepreneurship Council