Business Roundtable Statement in Support of House Introduction of Tax Reform Legislation

November 2, 2017

Washington — Business Roundtable today issued the following statement supporting introduction of once-in-a-generation tax reform legislation by the House of Representatives:

"If we are serious about growing the economy, creating jobs and increasing wages for all Americans, this country needs a modernized tax code. It is that simple,” said Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co. and Chairman of Business Roundtable. “While the tax reform bill released today deserves close analysis, it is significant progress toward achieving these goals. Congress and the Administration clearly appreciate the importance of getting pro-growth tax reform finished, how it will improve the economic security of all Americans and how it will give American companies the ability to compete equally in the global economy. We support this tax reform effort because it is good for all Americans.”

 

“Today’s release of tax reform legislation demonstrates Congress’ commitment to boosting American jobs, American wages and American competitiveness,” said Mark A. Weinberger, Global Chairman and CEO of EY and Chair of the Business Roundtable Tax and Fiscal Policy Committee. “It is significant that Chairman Brady’s tax reform bill includes a competitive 20 percent corporate tax rate and shifts toward a territorial tax system. We are fully committed to working with the Administration and Congress to maximize the growth potential of their legislation and to constructively raise any widely held concerns that we hear from business leaders.”

 

“Tax reform is the single most important action government can take to unleash private sector investment and spur economic growth that will benefit all Americans,” said Joshua Bolten, President & CEO of Business Roundtable. “We encourage all businesses to put aside their parochial interests and allow policymakers to come together to deliver legislation to the President’s desk by the end of the year.”