WASHINGTON The Alliance for Competitive Taxation (ACT), a coalition of leading American businesses that employ millions of American workers, issued the following statement on Senate Committee on Finance passage of the Tax Cuts and Jobs Act:
‚ÄúYesterday, the Senate took a significant step towards enacting pro-growth corporate tax reform by passing the Tax Cuts and Jobs Act out of the Senate Finance Committee. Tax reform is essential to creating American jobs, boosting the wages of American workers, expanding our industrial and technological base, and strengthening the domestic economy.
‚ÄúWe are committed to working with leaders in Congress to modernize our outdated tax code and level the playing field for American businesses and workers.‚Äù
ACT is comprised of leading American businesses that employ millions of American workers from a broad range of industries, including technology, manufacturing, and services. ACT members support comprehensive tax reform that provides a competitive corporate tax rate and modern international tax system that aligns the United States with the rest of the world. We believe tax reform should simplify the tax code, promote economic growth, and should be fully paid for by ending tax breaks and preferences. For more information about ACT, visit www.ACTonTaxReform.com._x000D_