Browse Documents
by Date or Issue:
  • Inversions: Fix the Problem, Don't Make it Worse
    Posted in The Tax Tracker on July 21, 2014 | Preview rr

    Washington has been trying to stop inversions for three decades, but it never addresses the real problem – that having the highest corporate tax rate in the industrialized world is why we keep seeing companies move overseas. We need to fix a broken tax code that makes American workers and businesses uncompetitive. Even the Administration admits this is the right answer. Obama Plan Doesn’t Solve the Problem: Anti-inversion rules have been around and repeatedly changed over the last three decades... Read more

  • Permanent Tax Policy: Helping America Invest and Create More Jobs
    Posted in The Tax Tracker on July 11, 2014 | Preview rr
    Tags: Select Revenue Measures , Full Committee

    Businesses all across the country are applauding H.R. 4718, which will reduce the tax burden on businesses by making permanent 50 percent bonus depreciation. At a time when economic growth is stagnant, making certain tax policy permanent encourages businesses to grow, invest and hire. Letter from over 100 associations representing millions of businesses and workers across the country : “[W]e support swift action on legislation (H.R. 4718) to permanently extend bonus depreciation, creating a pro-... Read more

  • Permanent Tax Policy Encourages Businesses to Invest, Create Jobs
    Posted in The Tax Tracker on June 12, 2014 | Preview rr

    Businesses all across the country are applauding H.R. 4457, America's Small Business Tax Relief Act of 2014, which will reduce the tax burden on small businesses by permanently extending Section 179 expensing. At a time when economic growth is stagnant, making certain tax policy permanent encourages businesses to grow, invest and hire. Over 150 organizations representing millions of businesses across the country: “The roller-coaster, ad-hoc changes in the level of small business expensing, whic... Read more

  • Permanent R&D Creates Jobs, Economic Growth
    Posted in The Tax Tracker on May 8, 2014 | Preview rr
    Tags: Select Revenue Measures , Full Committee

    As the House prepares to consider making the research and development tax credit permanent, the non-partisan analysis of the Joint Committee on Taxation confirms that the bill could increase the amount of research and development American companies undertake by 10 percent. Associations that represent tens of thousands of businesses small and large strongly agree that the R&D credit helps create jobs and economic growth. National Association of Manufacturers: “Research and development (R&D) is th... Read more

  • Obama SAP Taps "I was for it, before I was against it" Mentality
    Posted in The Tax Tracker on May 6, 2014 | Preview rr
    Tags: Select Revenue Measures , Full Committee

    Today, the National Association of Manufacturers, Chamber of Commerce, R&D Credit Coalition, and Biotechnology Industry Organization – representing thousands of small and large U.S. businesses – issued their support for H.R. 4438, a bipartisan, permanent extension of the research and development (R&D) tax credit. In their call for a permanent R&D credit, these groups note that the legislation will make the U.S. more globally competitive, create jobs, and allow U.S. companies to innovate and inve... Read more

  • Independent Economists Agree: Tax Reform Results in Stronger Economic Growth, More Jobs, and Higher Wages
    Posted in The Tax Tracker on April 1, 2014 | Preview rr
    Tags: Health , Full Committee

    Since Chairman Camp released the Tax Reform Act of 2014, four different analyses by independent economists have all shown that it will result in significantly stronger economic growth. Analysis by the non-partisan Joint Committee on Taxation (JCT, the official Congressional scorekeeper) found that the proposal would increase GDP growth by $3.4 trillion and result in an additional 1.8 million private sector jobs over the next ten years. Based on this data, the Committee estimates tax reform will... Read more

  • What They Are Saying About the Tax Reform Discussion Draft
    Posted in The Tax Tracker on February 27, 2014 | Preview rr
    Tags: Select Revenue Measures , Full Committee

    Job Creators One Voice: “An overhaul of our tax code is long overdue and Chairman Camp deserves a lot of credit for having the leadership and courage to take on this important issue. This proposal sends a strong message that we need tax reform for all manufacturers and not just C-Corporations as proposed by some in Washington.” National Retail Federation: “This is the foundation for job creation, increased take-home pay and business growth that would restore the prosperity that has slipped away ... Read more

  • New Study Highlights the Importance of Making the Tax Code Simpler and Fairer for All, Not Some, Job Creators
    Posted in The Tax Tracker on August 7, 2013 | Preview rr
    Tags: Select Revenue Measures , Full Committee

    A new tax study released today by the National Federation of Independent Business (NFIB) and the S Corporation Association reinforces the need for tax reform that makes the tax code simpler and fairer. The study, authored by Quantria Strategies, provides a detailed look at the effect that the tax system has on businesses – in particular those organized as pass-throughs that pay their taxes as individuals – and whose tax rates can be affected not only by their income, but also by the way they ch... Read more

  • Mr. President: Should Small Businesses Really Pay Higher Tax Rates Than Corporations?
    Posted in The Tax Tracker on August 1, 2013 | Preview rr
    Tags: Select Revenue Measures , Full Committee

    During a speech this week in Chattanooga, TN, President Obama unveiled a series of tax reform initiatives designed to spark jobs. Just one problem: his proposal to lower the corporate rate to 28 percent won't actually ease the burden of high tax rates for the vast majority of the nation's job creators – small businesses. Given that inequality, it is not surprising that some of the leading job creators in the small business community rightfully reminded the President that any plan that leaves sm... Read more

  • Economists, Job Creators and Congress Agree – Tax Reform is Critical to Improving Wages and Job Creation
    Posted in The Tax Tracker on April 16, 2013 | Preview rr
    Tags: Select Revenue Measures , Full Committee

    The momentum for fixing our tax code for families and all employers got another boost as the RATE Coalition, a group of job-creating companies committed to working with Congress to fix today’s broken tax code, stated, “this year is the best opportunity for comprehensive tax reform since 1986.” In an update to a February letter signed by an additional 143 economists (bringing the total to 163 economists), the RATE Coalition leaders said “everything is on the table” in order to achieve comprehensi... Read more