Tax & Fiscal Policy | Page 8 | 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.

Roundup: CEO Economic Outlook Survey Show Dip in Expectations for Q3

Business Roundtable today's released its Q3 CEO Economic Outlook Survey, reporting lowered expectations for the economy over the next six months, including plans for hiring and capital investment. Projections for hiring also dropped compared to the Q2 survey. The projected GDP growth for 2015 was 2.4 percent, down from last quarter's 2.5 percent.

2,000+ Companies and Associations Urge Congress to Renew Expired Tax Provisions

The expired provisions should be renewed as soon as possible this year. We urge all members of Congress to work together to extend seamlessly on a multiyear basis, and where possible enhance or make permanent, these important tax provisions.

The Top Line: New Q2 GDP Estimate Puts Growth at 3.7 Percent

The latest GDP estimate from the Bureau of Economic Analysis reports that GDP rose 3.7 percent, up from the previous estimate's 2.3 percent increase.

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Business Groups: Repeal Punitive, Pricey Tax on Employer Health-Care Plans

As many as 25 percent of all employer-sponsored plans — including government employee plans — will likely be subject to this tax in its first year (2018), and that number will quickly rise, making today’s “low cost” plan “pricey” tomorrow.

Letter on ACA's 40 Percent Excise Tax on Health Care Benefits

The broad application of the 40 percent excise tax means that, over time, the health benefit plans of all major U.S. employers will be subject to the tax. The impact of the eventual tax liability resulting from this provision is staggering and will distort the employer-sponsored health care marketplace, leading to dramatic changes in the benefits offered to employees.

Statement on U.S. Senate Hearing on Global Tax Competitiveness Hearing

Today's hearing provides additional evidence that the U.S. economy is hamstrung by an environment where U.S. businesses are disadvantaged by an out of date an uncompetitive tax code.

Statement on Senate Finance Committee Markup on Bipartisan Tax Extender Legislation

We applaud the Senate Finance Committee for acting to extend expired tax provisions that are critical to supporting American jobs and the broader economy. While the Committee is taking an important step toward increasing certainty for U.S. businesses looking to invest and grow, families and businesses ultimately need a tax system that is permanent.

Trade Compromise Points Way to Action on Economic Growth

This bipartisan approach can serve as an effective model for even more legislative successes in the future.

Business Associations Support Immediate Action on Extenders

The expired provisions are vitally important to creating and maintaining jobs, generating investment, advancing U.S. competitiveness and spurring economic growth. Failure to extend these provisions is a tax increase that will inject further instability and uncertainty into the economy and weaken confidence in the employment marketplace.

Business Roundtable Statement on Senate Finance Committee Tax Working Group Reports

“As strong advocates for congressional action on tax reform, we appreciate the Committee’s hard work on these reports and lawmakers’ efforts to gain a better understanding of these complex issues. We are optimistic that this effort can lead to bipartisan agreement in Congress to finally modernize our nation’s tax code. Modernizing our tax code is crucial if the American economy is to achieve stronger economic growth and an even higher level of competitiveness in today’s global economy."

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Committee Priorities

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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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.