Washington – Business Roundtable President John Engler today released the following statement on the Senate Finance Committee staff’s international tax reform discussion draft.  

“Business Roundtable CEOs believe comprehensive tax reform is the single-most important issue to get the U.S. economy growing. We need a modern tax system that makes American companies and American workers more competitive in the global economy.

“We appreciate the leadership of Chairmen Baucus and Camp to move tax reform forward. Baucus’ goal of increasing the ability of U.S businesses to compete abroad is critical. Unfortunately, we do not believe that the staff’s international discussion draft supports that goal because it would make many American companies even less competitive than their non-US counterparts.

“Business Roundtable plans to provide feedback to Chairman Baucus and the Finance Committee to explain the adverse impacts of the draft proposal on American businesses and workers and will provide recommendations to improve the proposal.  We will continue to work with Congress and the Administration to build upon the tax writing committees’ policy work and to strengthen the bipartisan and bicameral support for tax reform.”