Business Roundtable is an association of chief executive officers of leading U.S. companies working to promote a thriving economy and expanded opportunity for all Americans through sound public policy.
LeAnne Redick Wilson
Senior Vice President
Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies working to promote sound public policy and a thriving U.S. economy.
Business leaders are committed to working with government to foster a healthy business climate that creates opportunity for everyone in the U.S. A thriving American business sector is once again at the forefront of the kinds of change that will make our country stronger. This will require sound policies to ensure that workers, families and communities are benefiting from the enhanced prosperity we all aim to secure. When business, government and civic leaders come together, we can create an environment that encourages investment and helps companies create more, better-paying jobs in the U.S.
The CEO members of Business Roundtable have identified attainable targets that will produce real, sustainable growth for our country.
The failure to modernize the U.S. tax system continues to hamstring our economy, and the cost to our communities is already severe. For instance, America lost more than $179 billion of assets in the global M&A market this past decade because we've failed to keep pace with our trading partners’ upgraded tax systems. Studies show that a more competitive corporate tax rate would have kept 1,300 companies in the U.S. over that time.
Business leaders are advocating an overhauled U.S. tax system with competitive business tax rates and modern international tax rules. This would promote growth through greater investment, higher wages and more jobs in the United States.
Any tax reform plan aimed at strengthening U.S. competitiveness must both set the corporate tax rate at an internationally competitive level and adopt a territorial-like international tax system similar to the rest of the world. These reforms should be permanent to support long-term business decisions and commitments that allow for consistent capital investment and hiring of American workers.Learn More
The U.S. federal regulatory system is notoriously complex and costly for businesses. As a whole, the thousands of federal regulations slow the rate at which companies can add more jobs, and throttle business investment.
The regulatory system can be made more efficient while accomplishing its important goals. With specific changes to how regulations are created and reviewed, America can protect health, safety and the environment while minimizing negative effects for growth and job creation. These policies would make the federal regulatory process more transparent and open to public engagement, improve the quality of information used in the rulemaking process, require more objective cost-benefit analysis, and modernize the federal permitting process.
Smart regulations are developed based on the best available science, under rigorous cost-benefit analysis, and with the establishment of targeted objectives, realistic timetables and careful consideration of business burdens. Businesses report that current regulatory costs are taking potential investment from research and development, hiring, and other investment that would expand economic opportunity.Learn More
America’s infrastructure connects communities and businesses to each other and the rest of the world. It also provides the water and energy necessary to live and thrive. But America’s current infrastructure isn’t up to the task. Transportation and water systems have been under-maintained for decades; new kinds of electricity are lacking a modernized power grid; and new supplies of oil and natural gas aren’t getting to market as efficiently as they could. The physical infrastructure in the U.S. lags far behind our global competitors. It’s worn down by age and stretched beyond capacity by the shifting demands of a modern economy and growing population.
Reinvesting in infrastructure presents policymakers with a unique opportunity to revitalize American growth. In addition to increasing productivity and making transportation more efficient, a focus on rebuilding infrastructure could create millions of jobs, and boost economic output by hundreds of billions of dollars.
Together we can create an infrastructure prepared to meet the needs of our 21st century economy through consistent, stable government funding for major transportation and water projects as well as ongoing maintenance. Federal and state governments should also help by speeding up approval processes and enacting policies that attract private-sector investment.Learn More