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Tax and Fiscal Policy Business Community to Congress: Move Quickly on Tax Reform

Jun 28, 2017

WASHINGTON, D.C.—The nation’s top business organizations urged Congress to reach common agreement on a tax reform plan and move quickly on legislation in a letter sent today to Senate Majority Leader Mitch McConnell and Speaker of the House Paul Ryan. The business groups said that no other reforms under consideration in Congress are as important as pro-growth comprehensive tax reform. 

The U.S. Chamber of Commerce, Business Roundtable, National Association of Manufactures, and the National Federation of Independent Business wrote, in part:

“In the short-term, we urge you to press forward with the adoption of a Fiscal Year 2018 concurrent budget resolution including reconciliation instructions that would aid the swift passage of comprehensive, pro-growth tax reform. We understand that the Senate is actively considering health care legislation, but it is important that the House start the budget process now, so that reconciliation instructions will be available to move tax reform legislation expediently.  
“The federal tax code has weighed America down for far too long. You now have a once-in-a-generation opportunity to substantially improve America’s economy, but accomplishing this task may well require the special legislative procedures attendant to a budget resolution’s reconciliation instructions.
“We understand the competing priorities inherent in the FY 2018 budget resolution process, several with laudable purposes which we support. We urge careful consideration of these matters to ensure that the timely passage of the budget resolution with tax reform reconciliation instructions is not threatened. In our view, given the historic opportunity before Congress, no other reforms under consideration rise to the importance of pro-growth, comprehensive tax reform.”

The full letter can be found here.