Tax & Fiscal Policy | Page 64 | Business Roundtable

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What is Business Roundtable

Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies working to promote sound public policy and a thriving U.S. economy.

More Than Leaders. Leadership.

Business Roundtable is an association of chief executive officers of leading U.S. companies working to promote a thriving economy and expanded opportunity for all Americans through sound public policy.

About BRT

Business Roundtable supports tax and budget policies that promote U.S. business investment, competitiveness and job creation. Specifically, the Committee focuses on pro-growth reform of domestic and U.S. international tax rules and advocates for slowing the growth of federal spending to stabilize federal debt and achieve long-term fiscal sustainability.

Business Roundtable Statement on House Vote to Raise Taxes on Worldwide American Companies

The vote in the House today approving nearly $10 billion in new taxes on American companies with overseas operations is a counterproductive move that will only hurt future U.S. economic growth and job creation.

Business Roundtable Statement on Senate Vote to Raise Taxes on Worldwide American Companies

Business Roundtable criticizes the Senate for voting to raise nearly $10 billion in new taxes on U.S. companies with overseas business operations. Keeping American companies and workers competitive should be the number one goal of U.S. tax policy. However, today’s Senate vote only adds to the growing disparity between the tax policies of the United States and most other major world economies.

PACE Letter to House on H.R. 5982

The PACE Coalition opposes inclusion of the proposed international tax increases in the “Small Business Tax Relief Act of 2010”, scheduled for floor consideration today in the House of Representatives.

Letter to Congress on Small Business Tax Relief Act

Dear Member of Congress:

We write today to express our strong opposition to the last-minute inclusion of international tax revenue raisers in the “Small Business Tax Relief Act” to be considered on the House floor today.

The measure proposes to raise $12 billion in new taxes on worldwide American companies through fundamental changes in U.S. tax law, despite the fact that U.S. tax rules already put American companies at a competitive disadvantage.

PACE Letter to Congress on H.R. 5893

Dear Member of Congress: The PACE Coalition opposes inclusion of the proposed international tax increases in HR 5893, released on July 28, 2010, as "payfors" for expanded infrastructure incentives.

Letter to Valerie B. Jarrett and Lawrence H. Summer on Corporate Tax Reform

We appreciate the opportunity to explore with the Administration changes in the corporate tax structure that would serve to achieve that objective by increasing U.S. employment in the near term and putting the country on a path to future economic growth.

Letter to Director Orszag on Policy Burdens Inhibiting Economic Growth

As a follow‐up to your request to both Business Roundtable and The Business Council for examples of pending legislation and regulations that have a dampening effect on economic growth and job creation, we surveyed our membership to get their views.

Letter from John Castellani to Members of the Senate on H.R. 4213

On behalf of BRT, I am writing to express my strong objections to inclusion of the revenue-raising provisions addressing international tax issues contained in H.R. 4213 (the "tax extenders" bill).

BRT Statement on House Tax Extenders Legislation

Business Roundtable CEOs strongly object to the inclusion of major international revenue-raising provisions contained in H.R. 4213, which is currently before the Senate. These tax increases are the exact opposite of what we need to promote job growth at home; they will make American companies less competitive in markets abroad and thus reduce funds that would otherwise be available for job-promoting investments in the United States.

Business Roundtable Statement on International Tax Increases in House Amendment to H.R. 4213

Business Roundtable CEOs have two key messages on the tax extenders legislation before Congress. First, it is critical to extend the tax provisions that expired in 2009; important incentives for job-creating research and development and patches to our international tax system that allow U.S. companies to compete abroad with their foreign-based competitors need to be restored as soon as possible.

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Committee Priorities

Tax reform for all businesses is fundamental to strengthening the U.S. economy and ensuring that American workers and American companies can successfully compete around the globe. A modernized U.S. tax system with competitive tax rates and competitive international tax rules would promote growth through greater investment, higher wages and more jobs in the United States.

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Achieving Sound Fiscal Policy

Business Roundtable supports sound fiscal policy by urging Congress to pass annual budgets on time; appropriate funds early enough in the legislative session to avoid disrupting government operations; follow an orderly process to allow for required borrowing; and strengthen entitlements for the long haul.