Tax & Fiscal Policy | Business Roundtable

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What is Business Roundtable

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.

More Than Leaders. Leadership.

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.

About BRT

Business Roundtable supports tax and budget policies that promote U.S. business investment, competitiveness and job creation. Specifically, the Committee focuses on pro-growth reform of domestic and U.S. international tax rules and advocates for slowing the growth of federal spending to stabilize federal debt and achieve long-term fiscal sustainability.

Business Roundtable: House Adoption of Budget Resolution Moves Congress Toward Tax Reform

Business Roundtable statement on House approval of a FY 2018 budget resolution with reconciliation instructions on tax reform.

The Urgency for Tax Reform

It has been over 30 years since major tax reform was last undertaken. The United States has failed to act while the rest of the world has implemented modern tax policies to aggressively compete for jobs and investment.

Successful tax reform should end the competitive tax disadvantage that U.S. companies face every day in the global marketplace. A modernized tax code must include competitive business tax rates and a modern international tax system (territorial-like) that doesn’t leave trillions of foreign earnings trapped overseas.

‘Big Six’ Framework Shows Positive Momentum for Tax Reform

Business Roundtable Supports Globally Competitive Rate and Shift Toward Territorial System, Key Elements for Fixing Broken U.S. Tax Code

Statement for the Record for Senate Finance Committee Hearing on Business Tax Reform

The nation’s tax system is in urgent need of reform to boost economic growth, increase global competitiveness for American companies, and bring about meaningful improvements in the incomes of American families through higher wages and more American jobs.

Study Shows Uncompetitive Tax Code Contributes to Increased Foreign Acquisition of U.S. Companies

Analysis: Competitive Corporate Income Tax Rate Would Have Kept 4,700 Companies in the United States

Washington — A globally competitive U.S. corporate income tax rate of 20 percent would have kept 4,700 companies in the United States from 2004 to 2016, a new Business Roundtable study on cross-border mergers and acquisitions (M&A) concludes.

Buying & Selling: Cross-Border Mergers and Acquisitions and the U.S. Corporate Income Tax

Today, the United States has the highest statutory corporate income tax rate among developed nations. In addition, it is the only developed country with both a high statutory corporate income tax rate and a worldwide system that taxes all international business income of US companies earned in foreign countries.

Trade Associations' Letter on Tax Reform, Treatment of Foreign Earnings

We write today to highlight an important issue to all of our organizations—the tax treatment of offshore earnings in moving to a territorial tax system. Specifically, we ask that the transition to a territorial system include a two-rate approach in taxing foreign earnings that distinguishes between short-term cash reserves and income reinvested in other assets.

Comment Letter on Identifying and Reducing Tax Regulatory Burdens

The Honorable Steven T. Mnuchin
Secretary
U.S. Department of the Treasury
1500 Pennsylvania Avenue, NW
Washington, DC  20220
 
Dear Mr. Secretary:
 

Business Roundtable Announces Major Campaign Supporting Tax Reform

Following the tax reform statement by the “Big Six,” Business Roundtable today announced a comprehensive advocacy campaign over the upcoming August Congressional recess that will stress the urgent need to reform the broken U.S. tax system.

Statement on ‘Big Six’ Tax Reform Announcement

Business Roundtable today welcomed the announcement by the “Big Six” leaders of the progress being made on tax reform, including agreement in principle on lowering business tax rates and a move toward a modern, territorial-like international tax system.

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Committee Priorities

It has been over 30 years since major tax reform was last undertaken. The United States has failed to act while the rest of the world has implemented modern tax policies to aggressively compete for jobs and investment.

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Tax reform for all businesses is fundamental to strengthening the U.S. economy and ensuring that American workers and American companies can successfully compete around the globe. A modernized U.S. tax system with competitive tax rates and competitive international tax rules would promote growth through greater investment, higher wages and more jobs in the United States.

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Achieving Sound Fiscal Policy

Business Roundtable supports sound fiscal policy by urging Congress to pass annual budgets on time; appropriate funds early enough in the legislative session to avoid disrupting government operations; follow an orderly process to allow for required borrowing; and strengthen entitlements for the long haul.