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.
An affordable, innovative and efficient health care system is an essential factor in ensuring a better quality of life for all Americans and a more productive and competitive U.S. workforce. Likewise, stable and predictable policies that promote retirement security and economic growth help ensure a reasonable standard of living for most Americans in retirement and make the United States a more attractive location for skilled workers and businesses. Business Roundtable supports policies that will improve the affordability and quality of U.S. health care and strengthen retirement security.
Recent Activities in Health & Retirement
A new rule proposed by the U.S. Department of Labor to change the legal definition of “fiduciary” -- savings and retirement advisers -- likely will have far-reaching consequences for millions of Americans.
Business Roundtable’s comment letter on proposed Internal Revenue Service (IRS) guidance related to the Excise Tax on High Cost Employer-Sponsored Health Coverage (Notice 2015-52)
We are concerned that many of the provisions contained in the proposed guidance documents will have an adverse effect on the quality and value of employer-sponsored health care in the United States.
Business Roundtable President John Engler submitted a Statement for the Record for a House Ways and Means Committee Oversight Subcommittee hearing on “The Department of Labor’s Proposed Fiduciary Rule” on September 30, 2015. The testimony outlines the Business Roundtable’s concerns that the Labor Department’s proposed definitional changes are too broad and subjective, and its proposed exemptions are too narrow and will raise the costs of saving for retirement.
A rule intended to benefit consumers should not limit their ability to obtain guidance, restrict access to products and services, have a disproportionate impact on certain communities or raise the costs of saving for retirement
In a letter to the editor published in the New York Times, John Engler, President of Business Roundtable, Jay Timmons, President and CEO of the National Association of Manufacturers (NAM), and Thomas J. Donohue, President and CEO of the U.S. Chamber of Commerce, call on Congress and the Administration to repeal the 40 percent tax on health benefits.