“The proposed tax increases on U.S. companies by the Treasury threaten the jobs of tens of millions of U.S. workers and our future economic growth. These unprecedented tax increases could not come at a worse time for struggling U.S. workers and businesses. We urge Congress to reject these proposals.

“Adopting these changes will hamstring American competitiveness. While the Administration would have the public believe that these tax increases are good for the American people, nothing could be further from the truth: the facts clearly demonstrate that expansion by U.S. business abroad leads to more and better paying jobs in America.”

“Business Roundtable is committed to working with the Administration to prevent international and domestic abuses that reduce U.S. tax revenue. However, the current proposals are not the answer. We need to work together on comprehensive tax reform that will restore competitive balance for U.S. workers and companies,” said John J. Castellani, President of Business Roundtable.