WASHINGTON The Alliance for Competitive Taxation (ACT), a coalition of leading American businesses that employ millions of American workers, issued the following statement today after the U.S. House of Representatives passed H.R. 1, The Tax Cuts and Jobs Act:
‚ÄúPassage of the Tax Cuts and Jobs Act by the U.S. House of Representatives is a positive step towards enacting corporate tax reform that makes American businesses competitive and creates opportunities for American workers.
‚ÄúWe are committed to working with leaders in Congress to enact pro-growth tax reform that creates jobs and boosts the wages of American workers, expands our industrial and technological base, and strengthens the domestic economy.‚Äù_x000D_
_x000D_ About ACT:_x000D_
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, visitwww.ACTonTaxReform.com.