Tax & Fiscal Policy | Page 65 | 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.

PACE Letter to Congress on H.R. 4213

Dear Members of Congress: The PACE Coalition has strong concerns about new proposed international tax increases included in the House amendment to H.R. 4213, released on May 20, 2010.

Key Comparisons of International Tax Systems of Major OECD and Developing Countries

This report, prepared by PricewaterhouseCoopers LLP for Business Roundtable, examines significant features of the international tax systems of 10 member countries within the Organization for Economic Co-operation and Development (OECD) and of four large developing countries.

U.S. Corporations Are Major Contributors to U.S. Tax Revenues

A survey released today by PricewaterhouseCoopers LLP and Business Roundtable details the significant contributions major corporations make to U.S. tax revenues. The 40 companies participating in the survey remitted $94 billion in taxes, of which $28.5 billion were federal and state corporate income taxes. These companies employed 1.6 million U.S. workers and paid $122 billion in wages and salaries.

Business Roundtable Statement on President Obama’s Budget

President Obama’s proposed budget undermines the goals he stated in last week’s State of the Union address. Raising taxes on workers and businesses would impede U.S. competitiveness, making it virtually impossible to meet his target of doubling exports. As CEOs leading the economy back to a path of growth, our members are concerned that President Obama’s proposed international tax increases on U.S. companies will impede economic growth and make it harder to create jobs and lower America’s double-digit unemployment rate.

Business Roundtable Statement on President Obama’s State of the Union Address

Policies that can boost long-term economic growth and create new jobs are the top priority for the CEOs of Business Roundtable, who collectively employ more than 12 million workers. While our nation is on a path to economic recovery, it will be a long and difficult climb that must be buttressed by pro-growth policies and a sensible tax framework for American companies.

Putting American Jobs, Competitiveness and Economic Health First

As America continues on the path to a full and robust economic recovery, business leaders are working alongside President Obama and Congress to forge a path forward, create new jobs, and usher in a new era of economic health.

Worldwide American Companies Face High Effective Tax Rates

U.S. companies face the second highest statutory tax rate among the 30 members of the Organization for Economic Cooperation and Development (OECD). The U.S. rate was 39.1 percent in 2009, including federal and state income taxes, according to the OECD.

Proposed International Tax Increases Would Harm U.S. Economy

The Administration proposes to fundamentally rewrite the basic rules of international taxation that have been in existence for nearly 100 years in a manner that would severely disadvantage American companies and make U.S. workers less secure. The Administration estimates its proposals would increase taxes by $200 billion on U.S. corporations over ten years.

Fair Tax Treatment for U.S. Companies in the World Economy

Tax changes that disadvantage U.S. companies in foreign markets will only hurt U.S. workers here at home. U.S. companies need a level playing field.


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.