Business Roundtable Letter to Congress on Tax Credit Extension | 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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Dear Member of Congress:

Business Roundtable, an association of chief executive officers of leading U.S. companies with nearly $6 trillion in annual revenues and more than 12 million employees, urges you to support the bipartisan tax relief bill to be considered this week.

The bill represents a compromise to extend tax relief and help provide certainty for American workers and businesses. This tax relief will provide a needed boost to job creation and investment. Additionally, an employee payroll tax reduction should help to assist in the recovery.

The tax bill will also extend current tax rates on dividends and capital gains, and restore important business tax provisions, such as the R&D credit, active financing exception and CFC look-through that expired at the end of 2009. These provisions include long-standing features of the tax code that businesses rely on when they undertake hiring and investment decisions. Restoration of these provisions lifts an uncertainty for businesses that will improve their ability to employ more workers and grow the economy.

The comprehensive package of tax rate, tax credits and unemployment benefits extension is good for our economy, and we urge your support.

Sincerely,

Larry D. Burton