Recent U.S. tax reform has created a tax code that will help businesses compete and win. The full economic effect of tax reform will take years to play out, but it is already making a meaningful difference for America’s workers, families and communities. Immediate benefits of the tax law include increased wages and benefits, expanded capital expenditure plans, and greater investments in workforce training and philanthropy.
Any effort to increase the corporate tax rate or repeal pro-growth provisions in tax reform would make American businesses less competitive, meaning less investment and fewer jobs.