Tax & Fiscal Policy | Page 9 | 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.

BRT Submission to Tax Reform Working Groups, Senate Finance Committee

Business Roundtable supports comprehensive tax reform for both individuals and businesses and strongly urges Congress to undertake business tax reform this year.

For a More Competitive Business Environment, Tax Reform and Talent

From our friends at Grand Valley State University in Michigan:

Former Michigan Gov. John Engler said states with the best education and talent will win economically, during his remarks at a Seidman College of Business event.

News Coverage: How the Tax Code Leads to Foreign Acquisitions of U.S. Companies

Business Roundtable on Wednesday released a study that documents an underappreciated consequence of the antiquated, anti-competitive U.S. tax code: It encourages companies based outside the United States to acquire U.S.-headquartered operations.

To Balance the Budget, Enact Policies that Invigorate the Economy

Business Roundtable President John Engler testified this morning at a Senate Budget Committee hearing, "The Better Way: Benefits of a Balanced Budget." After several years of declining federal deficits, the United States is on an unsustainable fiscal path, he testified.

Citing CBO numbers, he warned of:

Report Shows Uncompetitive Tax Code Contributing to Foreign Acquisitions of U.S. Companies

25 Percent Corporate Tax Rate Would Have Kept 1,300 Companies in United States, Study Reveals $179 Billion M&A Deficit Rather Than $590 Billion Gain

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

The United States has the highest statutory corporate income tax rate among developed nations and is the only developed country with both a high statutory corporate income tax rate and a worldwide system of taxation. These features of the US corporate income tax have disadvantaged US businesses in the global market for cross-border M&A.

CEO Economic Outlook Survey: Tempered Optimism; Now, Trade and Tax Reform

Business Roundtable today released its CEO Economic Outlook Survey for the first quarter of 2015, with BRT Chairman Randall Stephenson of AT&T briefing reporters via a conference call on the results. Shorthand version: The U.S. economy is trending upwards, but we could still do better, especially if Washington got busy enacting Trade Promotion Authority, business tax reform, infrastructure investment and smarter, less burdensome regulation.

On Trade and Taxes: Opportunity

Mark Weinberger, Global Chairman & CEO of EY, chairs Business Roundtable's Tax and Fiscal Policy Committee, and on Thursday, he briefed about 15 reporters on BRT's advocacy for business tax reform, its prospects for passage, and how reform would improve U.S. economic growth. Tax reform ranks high among BRT's policy priorities for 2015, as described in our agenda, Achieving America’s Full Potential: More Work, Greater Investment, Unlimited Opportunity.

Letter from Business Associations Calling on Congress to Reform Tax System

The goal of any effort to rewrite the federal tax code should be a balanced and fiscally responsible plan that allows businesses in the United States to grow, create well-paying jobs and effectively compete in the global marketplace

A Budget Reaction: Still Needed, Pro-Growth Tax Reform

Coverage of the Obama Administration's Fiscal Year 2016 budget released Monday included extensive reporting, analysis and speculation on the prospects for his 14 percent, one-time tax on foreign profits of U.S. corporations held overseas, followed by a 19 percent tax on future profits. 

A frequent -- but definitely not exclusive -- response struck the tone, "Well, there are some possibilities here for political compromise. Let's see where things are headed." 

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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.