U.S. economic growth and job creation depend on expanding U.S. trade and investment opportunities so U.S. companies can sell more products and services to customers around the world.
The United States has the highest statutory corporate income tax rate among developed nations and is the only developed country with both a high statutory corporate income tax rate and a worldwide system of taxation. These features of the US corporate income tax have disadvantaged US businesses in the global market for cross-border M&A.
Business Roundtable CEOs, who lead companies operating in every sector of the economy, recognize that moving data across national borders is essential to economic growth, innovation and improving the quality of the life of people around the world.
The Elementary and Secondary Education Act (ESEA), first passed in 1965 and most recently reauthorized in 2001 under the No Child Left Behind Act (NCLB), is the primary federal legislative funding source for U.S. K-12 public education. It is intended to address discrepancies in funding and academic outcomes between advantaged and disadvantaged students.
Coal combustion residual products are currently managed as non-hazardous waste under state regulatory authority. Approximately 45 percent of these products are beneficially used in cement, wallboard, agricultural and other applications.
Ozone is a major component of smog. Ozone is not a pollutant emitted into the air; rather, it is the product of chemical reactions among nitrogen oxides (NOx), volatile organic compounds (VOCs), carbon monoxide (CO), and methane (CH4).
In February 2010, the White House Council on Environmental Quality (CEQ) issued for public comment Draft National Environmental Policy Act Guidance on Consideration of the Effects of Climate Change and Greenhouse Gas Emissions (draft guidance). The draft guidance explains how federal agencies should analyze the environmental impacts of greenhouse gas (GHG) emissions and climate change when they assess the environmental impacts of proposed actions under National Environmental Policy Act (NEPA).
The proposed Keystone XL pipeline is a new 1,179-mile (875 miles in the U.S.) crude oil pipeline that would begin in Alberta, Canada, and would extend through Saskatchewan, Montana, South Dakota and Nebraska, where it would link up with an already completed southern leg for delivery of oil to the Gulf Coast.
The Trans-Pacific Partnership (TPP) Agreement is a regional trade agreement that the United States is negotiating with 11 other Asia-Pacific countries (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam).
To reach America’s full potential and create greater opportunity for all Americans, the U.S. economy needs to fire on all cylinders. That level of performance requires pro-growth policies that facilitate business investment, which drives productivity gains, accelerates economic growth and promotes job creation.
U.S. trade continues to expand, and with it, U.S. employment. Today, nearly 40 million U.S. jobs depend on trade. This means that more than one in every five U.S. jobs is linked to exports and imports of goods and services.
Federal regulation has a profound effect on U.S. businesses. Business Roundtable CEOs recognize that some regulations are essential and help ensure that the products we consume are safe; the environment in which we live is adequately protected; and the marketplaces in which our businesses operate are fair, open and competitive. However, regulations also impose significant costs on both businesses and consumers and can reduce employment and depress growth. It is therefore imperative that federal agencies carefully consider the positive and negative impacts of proposed rules.