Business Roundtable Statement on President’s FY 2016 Budget Proposal | Business Roundtable

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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.

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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.

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Washington – Business Roundtable President John Engler made the following statement today on President Obama’s fiscal year 2016 budget request to Congress:

“America’s business leaders encourage the Administration to work with congressional leaders to find common ground on pro-growth tax policies.  The Administration has correctly identified the importance of reducing the corporate tax rate to competitive levels and overcoming barriers to the reinvestment of foreign earnings at home to increase US investment, promote higher wages, and enhance job creation.  

“Unfortunately, the Administration has proposed steep tax increases on businesses that will negatively impact their competitiveness – especially those businesses that compete in the global marketplace.  Tax reform should increase the competitiveness of businesses to fully strengthen the U.S. economy and enhance job creation. Business Roundtable is committed to working with the Administration and Congress to further develop tax policies and find common ground that will help America achieve its full growth potential. 

“We also agree that infrastructure investment is important, and we look forward to working with Congress to develop a proposal for long-term funding consistent with economic growth.

“Business Roundtable welcomes the president’s renewed call for legislation to fix America’s broken immigration system. The budget proposal recognizes the benefits that would result from immigration reform, including higher rates of growth, lower deficits, and a stronger economy that will help American workers.

“Business leaders are also pleased by the Administration’s proposal to continue modernizing the federal permitting process for major infrastructure projects. Cutting red tape and achieving more timely permit decisions will encourage investment while producing important benefits for communities and the environment.”

The CEO members of Business Roundtable support policies to help America realize its full potential to create more high-wage jobs for U.S. workers and greater opportunity for middle-class families. For more details, see the resources available at brt.org/2015-agenda