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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A Blueprint for Renewing America's Infrastructure
U.S. companies are experiencing a very real “skills gap”—one that will become even more acute as the economy continues to grow, strengthen and add jobs over the next 15 years.
America's economy, workers and shareholders stand to benefit when U.S. public companies carry out the highest standards of governance. Business Roundtable promotes the best, modern governance practices that uphold the highest ethical standards and expand economic opportunity across the United States. These practices are detailed in the Roundtable flagship publication, Principles of Corporate Governance.
Technology breakthroughs – pioneered in the United States – have unlocked North American oil and natural gas resources that were inaccessible just a generation ago.
Transportation infrastructure is the backbone of a modern, competitive and productive economy. Stretched beyond capacity by the demands of today’s global economy and a growing population, America’s transportation infrastructure provides an opportunity for policymakers to reinvest in a critical driver of our entire economy.
Each year, Business Roundtable companies invest tens of billions of dollars in research and development on energy and environmental technologies.
Most Americans agree that the future of the U.S. economy depends on the ability of its businesses to compete globally. One of the key factors that allow U.S.
U.S. health care spending is the highest in the world, but we do not always receive the best quality in return.
To effectively address the risks presented by cybersecurity threats, BRT has developed a cross-sector approach that can mature and strengthen over time and that will also improve the nation’s ability to identify gaps and measure progress.
Our members believe that informative, clear and usable disclosures are essential to thriving capital markets and place a high value on modernizing and improving disclosures in a manner that continues to provide material information to investors. We agree that a “step-back” look aimed at improving our disclosure regime is appropriate. We are concerned that immaterial line-item disclosures and duplicative disclosure requirements both burden companies and do not provide investors with information necessary to make informed decisions.
We are concerned that the proposed rule, in its current form, is overly prescriptive, could create additional tax compliance difficulties for the individuals and institutions to which it applies, and would make U.S. financial institutions less globally competitive. The proposed rule will also make it difficult for the institutions that pump capital through the U.S. and global economies to attract top talent. In addition, the proposed rule will create burdensome record keeping and corporate governance requirements.
Business Roundtable believes the approach taken in the Proposed Regulations exceeds the regulatory authority granted to Treasury by Congress under Section 385. Further, the Proposed Regulations are inconsistent with fundamental principles of U.S. tax law, prior regulatory guidance, case law precedents, and Congressional intent.
Business Roundtable has been actively engaged with lawmakers to ensure CTE programs are updated in a way that works for all stakeholders in the system, from students to the business community.
June 27, 2016
U.S. Department of Education
400 Maryland Avenue, SW
Washington, DC 20202-2800
Dear Ms. Miller:
If the TPP is not approved this year, the United States will jeopardize a huge opportunity for U.S. growth, jobs and leadership.
Deeper collaboration among Canada, Mexico, and the United States should focus on improving our international competitiveness, supporting economic growth and jobs in our countries, facilitating the legitimate movement of people, goods, services, capital, and energy between our countries, and addressing emerging challenges such as cybersecurity.
Business Roundtable released the Q2 2016 CEO Economic Outlook Survey. Capex & hiring expectations are up, but GDP outlook remains weak.
Business Roundtable believes the proposed documentation requirements are excessive and have been proposed without adequate consideration of their costs and alternative, less costly procedures.
Business Roundtable has strong concerns about the potential business disruption, significant breadth of impact, and adverse consequences caused by the proposed regulations. Because of these concerns, and the immediate effect of the new rules, I urge Congress to require the Treasury Department to take three immediate actions: (1) extend the comment period by at least 90 days (to October 5, 2016); (2) change the effective date; and (3) provide a thorough and complete economic analysis prior to considering finalizing the regulations.
The pro-growth agenda laid out by the Speaker presents an opportunity for Democrats and Republicans to create policies that help more individuals realize the American dream. Too many people still find themselves out of work or in a place that does not enable them to maintain a high quality of life.