This morning, Business Roundtable CEO Joshua Bolten joined CNBC’s “Squawk Box” to reinforce why Congress advancing pro-growth tax legislation is critical to the competitiveness of America’s businesses and workers.
ICYMI: Bolten Underscores Importance of Congress Advancing Pro-Growth Tax Bill
May 19, 2025
On what's at stake:
- “If Congress doesn’t get this bill done, there’s a massive four-plus trillion-dollar tax increase that’s going to hit both individuals and businesses. It’s critical that it gets done.”
On key pro-growth provisions:
- “The important elements of this are a continuation of the overall corporate rate and [restoring] R&D [expensing] … which expired a couple of years ago, depreciation elements and important international tax elements.”
On optimism for congressional passage:
- “The important thing is that it gets done this year. Now, the Speaker has set himself a very ambitious timeline, and he’s proved himself and his team to be pretty able at navigating a difficult political situation … The important thing is that this bill get enacted before the U.S. starts to bump up against the debt ceiling, because it's important to remember that an increase in the U.S. debt ceiling is also included in this legislation.”
- “… [F]rom the business standpoint, I think everybody’s going to be pretty confident and optimistic about the outcome as long as they get the bill done before they go home for the August recess.”
Business Roundtable encourages Congress to act now to advance pro-growth tax policy and bolster American competitiveness.
For more information, visit brt.org/ExtendTCJA.
