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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.