Messaging Guidance

Business Roundtable strongly opposes the sweeping tax increases on U.S. companies included in the Build Back Better Act:

The multiple corporate tax provisions in the legislation would impose more than $800 billion in harmful corporate tax increases—one of the largest tax increases in history, even while corporate tax revenues are already at an all-time high.
These tax increases would erode America’s competitive standing and favor foreign competitors in China and Europe over American businesses and workers
Among other provisions, the legislation would increase taxes on the foreign earnings of U.S. companies—putting U.S. companies who employ tens of millions of Americans at a severe disadvantage compared to their foreign competitors, none of whom pay a minimum tax on foreign earnings now and will not for many years, if at all.
The new book minimum tax and the provisions on interest deductibility would dramatically undermine investment in the United States at a time when the U.S. needs to spur private sector investment to keep pace with competitors abroad.
When the full ten-year cost of spending proposals is incorporated, Build Back Better will cost $4 trillion. Congress has not adequately examined the potential impacts of this legislation on already-rising inflation—which is a vital concern for American families and businesses.

Congress, say “no” to harmful tax increases and maintain America’s competitive corporate tax rate.