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Tax and Fiscal Policy Business Roundtable Statement on Congressional Passage of Appropriations Bills

Dec 19, 2019

Washington – Business Roundtable today issued the following statement regarding congressional passage of an end-of-year appropriations package to fund the government for the remainder of the fiscal year:

“Business Roundtable applauds members of the House and Senate for advancing a bipartisan appropriations package, avoiding another continuing resolution or government shutdown. The spending bills include several provisions that will strengthen the U.S. economy and generate opportunities for more Americans, including a seven-year reauthorization of the Export-Import (Ex-Im) Bank, an extension of business tax provisions, the inclusion of legislation to enhance retirement security and the repeal of three taxes that would drive up health care costs for hardworking Americans.” 

Business Roundtable members support:

  • Long-term reauthorization of the Ex-Im Bank, which has supported more than 1.7 million jobs over the past decade;
  • Extension of business tax provisions, including a one-year extension of the CFC look-thru rule, which boost the competitiveness of U.S. companies and workers;
  • Provisions of the SECURE Act that will promote retirement security and increase access to retirement savings plans; and
  • Repeal of the Health Insurance Tax, the Medical Device Tax and the “Cadillac Tax,” which would negatively impact the 180 million Americans with employer-provided health benefits, as well as health care costs, job creation and innovation.