Washington – Mark A. Weinberger, Global Chairman and CEO of EY and Chair of the Business Roundtable Tax and Fiscal Policy Committee, today issued the following statement regarding the Senate Finance Committee’s bipartisan 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.

“Business Roundtable supports a modernization of our nation’s tax code that sets a competitive tax rate for businesses and updates our outdated international tax rules. A more competitive, fair and permanent tax reform solution will encourage greater capital investment in the American economy and deliver stronger job growth for American workers.

“The Senate Finance Committee’s working groups have produced a range of options to be considered as Congress continues to move towards taking action on tax reform. Business Roundtable urges all of the parties involved to continue working together toward pro-growth, broad-based tax reform.”

Business Roundtable earlier this year released an economic growth agenda that includes tax reform, expanded trade opportunities, immigration reform, fiscal stability and infrastructure investment. Learn more about Business Roundtable here and our 2015 growth agenda here.